Markets

Billionaire investor Chamath Palihapitiya predicted Tesla stock will triple and Bitcoin will soar 5-fold in a recent interview. Here are the 15 best quotes.

Chamath Palihapitiya expects Tesla stock to triple and Bitcoin’s price to surge five-fold, he said on CNBC’s “Halftime Report” this week. The billionaire boss of Social Capital and Virgin Galactic chairman also blasted Facebook, trumpeted SPACs, and explained why he doesn’t expect the current market boom to end in tears. […]
Billionaire investor Chamath Palihapitiya predicted Tesla stock will triple and Bitcoin will soar 5-fold in a recent interview. Here are the 15 best quotes.
Markets

Billionaire Chamath Palihapitiya says Tesla is still undervalued as people continue to misunderstand its ‘fundamentally disruptive’ technology

Billionaire investor Chamath Palihapitiya said Tesla is “generally misvalued” as people misunderstand its business model and “fundamentally disruptive” technology. The Social Capital CEO said Tesla is “no longer about the car business” but about fundamentally disrupting utilities and providing individuals with “the ability to be energy independent.” Shares of Tesla […]
Billionaire Chamath Palihapitiya says Tesla is still undervalued as people continue to misunderstand its ‘fundamentally disruptive’ technology
Markets

Billionaire Chamath Palihapitiya blasts the ‘dumpster fire’ presidential debate — and says investors should stay in stocks because the ultimate victor will be irrelevant to economic prosperity

Billionaire investor Chamath Palihapitiya called the debate an “utter shambolic dumpster fire,” and said that markets will go up regardless of who wins the presidency. Palihapitiya said that the Federal Reserve and US Treasury spending will have more of an impact on the next four years of the country than […]
Billionaire Chamath Palihapitiya blasts the ‘dumpster fire’ presidential debate — and says investors should stay in stocks because the ultimate victor will be irrelevant to economic prosperity
Markets

Billionaire investor Chamath Palihapitiya reportedly plans to raise $500 million with 4th SPAC as blank-check spree continues

Social Capital Hedosophia — the blank-check partnership led by billionaire investor Chamath Palihapitiya and venture fund founder Ian Osbourne — aims to raise $US500 million with its fourth blank-check company, Bloomberg reported Tuesday. The special-purpose acquisition company, or SPAC, will be aptly named Social Capital Hedosophia Holdings Corp. IV. News […]
Billionaire investor Chamath Palihapitiya reportedly plans to raise $500 million with 4th SPAC as blank-check spree continues
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

‘It’s largely gonna go to waste and it distorts the market’: Billionaire investor Chamath Palihapitiya blasts the Fed and Treasury for spending billions to help companies instead of consumers

Billionaire venture capitalist Chamath Palihapitiya criticised US authorities for helping companies more than consumers in a Yahoo Finance interview on Tuesday. “We gave hundreds of billions of dollars in all kinds of random ways,” the Social Capital CEO and Virgin Galactic chairman said about the Federal Reserve and US Treasury’s […]
‘It’s largely gonna go to waste and it distorts the market’: Billionaire investor Chamath Palihapitiya blasts the Fed and Treasury for spending billions to help companies instead of consumers
Markets

‘Our generation’s Berkshire Hathaway’: Billionaire investor Chamath Palihapitiya is modelling his firm on Warren Buffett’s company

Billionaire venture capitalist Chamath Palihapitiya is modelling his Social Capital firm on Warren Buffett’s company. “My ambition is to be our generation’s Berkshire Hathaway,” the Virgin Galactic chairman said in a recent Fortune interview. Palihapitiya expects to take Social Capital public and build a tech conglomerate. “It will be a […]
‘Our generation’s Berkshire Hathaway’: Billionaire investor Chamath Palihapitiya is modelling his firm on Warren Buffett’s company
Tech

‘They don’t get to summer in the Hamptons? Who cares?’: CEO says US should let companies owned by billionaires get ‘wiped out’ during the coronavirus crisis

Chamath Palihapitiya, the CEO of the investment company Social Capital, told CNBC the US should refuse to bail out companies owned by billionaires during the coronavirus pandemic. More than 10 million Americans filed for unemployment in a span of two weeks, and Palihapitiya said they would be the ones hurt […]
‘They don’t get to summer in the Hamptons? Who cares?’: CEO says US should let companies owned by billionaires get ‘wiped out’ during the coronavirus crisis
Markets

The US economy was just ranked the world’s most competitive, but a closer look at the country’s ‘weakening social fabric’ could spell trouble for the future

The World Economic Forum recently released its annual Global Competitiveness Report, which ranks countries based on several metrics relating to economic growth and social stability. While the United States was ranked as the top country for overall economic competitiveness, the report included some troubling warnings about certain aspects of American […]
The US economy was just ranked the world’s most competitive, but a closer look at the country’s ‘weakening social fabric’ could spell trouble for the future
Tech

One of the hottest VC firms in Silicon Valley has removed the team page from its website after bleeding 7 partners over the summer

Venture capital firm Social Capital seems to be unravelling following a tumultuous first half of 2018. Seven partners, including one of the firm’s cofounders, left the firm founded by early Facebook executive Chamath Palihapitiya. The latest defectors are VC partner Mike Ghaffary and vice president of marketing Ashley Mayer. Social […]
One of the hottest VC firms in Silicon Valley has removed the team page from its website after bleeding 7 partners over the summer