Markets

Billionaire Chamath Palihapitiya says big companies shouldn’t receive a ‘single extra dollar’ of stimulus and Congress should pay ordinary Americans instead

Billionaire investor Chamath Palihapitiya said large corporations should not receive a “single extra dollar” of stimulus and Congress should prioritise putting money in Americans’ pockets instead. At the CNBC Institutional Investor Delivering Alpha conference Palihapitiya criticised the “idiotic forms of capital allocation” of big companies. He said the only way […]
Billionaire Chamath Palihapitiya says big companies shouldn’t receive a ‘single extra dollar’ of stimulus and Congress should pay ordinary Americans instead
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 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