The SPACsplosion is about to become a liquidation frenzy — and that may be for the best

This column previously included an inaccurate number of layoffs at the company Swvl and an outdated stock price. It has been updated.

As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive best known for executing one of the worst acquisitions in Silicon Valley history.

The…