Markets

Billionaire investor Chamath Palihapitiya unloads on the ‘wasted’ first round of economic stimulus, and laments the unnecessary funding of ‘zombie’ companies

Famed VC investor Chamath Palihapitiya told CNBC that a lot of the first round of economic stimulus was “wasted” because companies didn’t allocate it properly and still laid off hundreds of thousands of employees. The Social Capital CEO said that the US needs to focus on increasing the direct amount […]
Billionaire investor Chamath Palihapitiya unloads on the ‘wasted’ first round of economic stimulus, and laments the unnecessary funding of ‘zombie’ companies
Markets

Amazon has shed as much as $113 billion of market value in just 3 days

Amazon shed as much as $US113 billion in market value in just three days this week. Amazon’s market value of $US1.59 trillion as of Friday’s close dropped to as low as $US1.48 trillion today, representing a decline of 7%. Despite this week’s decline, shares of Amazon are still trading 15% […]
Amazon has shed as much as $113 billion of market value in just 3 days
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