# Jumping the SPAC | No Mercy / No Malice

<https://www.profgalloway.com/jumping-the-spac/>

- Host: [profgalloway.com](https://links.thingelstad.xyz/hosts/profgalloway.com/)
- Saved: September 22, 2021 (2021-09-22T12:10:45Z)
- Record: https://links.thingelstad.xyz/links/ca0b543f0d7d/
- JSON: https://links.thingelstad.xyz/links/ca0b543f0d7d.json

## What Jamie wrote

This writeup of Aspiration just delivers crazy after crazy. 

> Smearing more vaseline on the lens of the actual business fundamentals, Aspiration turns to creative accounting. Specifically, it leans heavily on a profitability measure called EBITDAM. EBITDA is the familiar “earnings before interest, taxes, depreciation, and amortization.” It’s a measure of how profitable a company’s core operations are before the vagaries of capital structure, tax strategy, and accounting charges. EBITDAM excludes all those things … and then also excludes marketing spend.

The comparisons to WeWork are interesting, but of course WeWork was at an entirely different scale.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT196: Weekly Thing #196 / iPhone 13, iOS 15, watchOS 8](https://weekly.thingelstad.com/archive/196/), Notable

## Same host

- [Capitalists or Cronyists? | No Mercy / No Malice](https://links.thingelstad.xyz/links/1948eb4f8b30/) (profgalloway.com, April 16, 2020)
- [Fire & Fawning | No Mercy / No Malice](https://links.thingelstad.xyz/links/4df40710fead/) (profgalloway.com, August 23, 2020)
- [Life & Death | No Mercy / No Malice](https://links.thingelstad.xyz/links/ef2005343c7b/) (profgalloway.com, October 25, 2020)
- [Back to School | No Mercy / No Malice](https://links.thingelstad.xyz/links/cf870e4c6d8a/) (profgalloway.com, September 11, 2021)
- [Facebook … What To Do? | No Mercy / No Malice](https://links.thingelstad.xyz/links/092d9f8463e1/) (profgalloway.com, November 7, 2021)

## Saved the same week

- [The Algorithm Tweaks Won't Save Us by Charlie Warzel - Galaxy Brain](https://links.thingelstad.xyz/links/c6bcad1b102c/) (warzel.substack.com, September 22, 2021)
- [Multiperspective System Architecture Diagramming · Ilograph developer blog](https://links.thingelstad.xyz/links/be0f59819175/) (blog.ilograph.com, September 22, 2021)
- [Q&A With Co-Creator of the 6502 Processor - IEEE Spectrum](https://links.thingelstad.xyz/links/be1d918a0eed/) (spectrum.ieee.org, September 22, 2021)
- [The Perils of an .xyz Domain](https://links.thingelstad.xyz/links/4418def9b71a/) (spotvirtual.com, September 22, 2021)
- [Arthur Ventures Raises $375,000,000 in New Capital — Arthur Ventures](https://links.thingelstad.xyz/links/e737485bb0c5/) (arthurventures.com, September 22, 2021)

## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.profgalloway.com/jumping-the-spac/