Chamath Palihapitiya responds to criticism of poor SPAC performance.
Chamath Palihapitiya is the poster-child for the SPAC, or special purpose acquisition company, phase that was a passing fad on Wall Street in 2020 and 2021.
Palihapitiya was dubbed the SPAC king, for the voluminous deals the high-profile media personality brought to market. He did quite well, personally — roughly doubling the $750 million he put in, according to New York Times calculations. And his seed money, for Virgin Galactic SPCE, -1.43% and Clover Health CLOV, , was in part borrowed from the fallen Credit Suisse, the Financial Times reported, citing public filing.
None of this is new, but somehow in response to one of his comments about the markets there was a discussion of his performance. Here’s a good recap, the highlights being him telling investors to “stop being a victim” and saying, “I’m in the arena trying stuff.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
A’s slugger made sure he could attend Oakland Arena concert before it endedMLB: Brent Rooker’s ninth-inning home run gives Oakland Athletics a walk-off win over Kansas City Royals
Les mer »
San Antonio officials began talks with Spurs on downtown arena before NBA draft lotteryThe revelation comes amid a community conversation about whether the team needs a new arena.
Les mer »
Is downtown San Antonio the right place for a ballpark or arena?An expert in sports venue development talks about what it would take to build new facilities in San Antonio.
Les mer »
Why Cuyahoga County taxpayers are on the hook for pro sports facility upgrades: The Wake Up for Monday, Aug. 21, 2023The Cavaliers need upgrades to their arena and local taxpayers are once again searching for a way to pay for them.
Les mer »