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Chamath Palihapitiya – XtremeCuztoms

Tag: Chamath Palihapitiya

Palihapitiya to Wind Down 2 SPACs as Choppy Markets Drag Valuations

September 22, 2022
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Prolific SPAC investor Chamath Palihapitiya is winding down two of his blank-check firms after failing to find suitable merger targets within deadline, as choppy markets dampen investor sentiment for the once high-flying acquisition vehicles. Social Capital Hedosophia Holdings Corp. IV and Social Capital Hedosophia Holdings Corp. VI will return the funds raised to shareholders, Palihapitiya…

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This Billionaire Says the Recession Is Happening In Phases, and We’re Now In the First Part

July 26, 2022
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Venture capitalist and Social Capital owner Chamath Palihapitiya say that the world is experiencing a supply-side recession, which is the first part of the process. In a recent interview, Palihapitiya warns that the global economy appears on track to witness phases of recession. “We have been in a supply-side recession. That is what has caused…

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