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The Latest Breaking News from Chamath Palihapitiya

Musk Leads Silicon Valley Rally Behind Trump

Elon Musk's decision to throw his vast fortune behind Donald Trump's presidential candidacy confirms the rise of a growing right-wing bloc in the traditionally liberal Silicon Valley.

International Business Times

Trump suggests CIA was behind push to stop him releasing JFK assassination files

Former president suggests he may release files surrounding the infamous 1963 murder if he’s re-elected

The Independent UK

‘Brazen corruption’: Donald Trump is selling policies for a second term to the highest bidders

Desperate to return to the White House, Trump is selling off his legislative agenda to donors — even when that means reversing old promises. Richard Hall and Andrew Feinberg report

The Independent UK

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Trump Promotes Himself As 'Crypto President' At Tech Fundraiser In San Francisco

Trump raised $12 million from the fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks' home.

International Business Times

Trump hauls in $12 million from San Francisco’s conservative crypto bros

Republican warmly received by Silicon Valley investors despite recent criminal conviction

The Independent UK

Down 29% YTD, Can SoFi Stock Double from Here?

With a 2024 loss approaching 30%, former SPAC name SoFi is among the worst-performing stocks this year. However, Truist thinks the stock can nearly double from these levels. Here's the forecast for this fintech company after its recent sell-off.

Barchart

Chamath Palihapitiya says venture capitalists also face disruption from AI—and startup founders stand to benefit

AI tools will enable founders to own more of their companies rather than give away too much equity to VCs, said the billionaire investor.

Fortune

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Chamath Palihapitiya says there’s a 'reasonable case to make' that the job of VC 'doesn't exist' in a world of AI-powered two-person startups

The billionaire investor suggested that venture capitalists might be replaced at some level by "an automated system."

Fortune

Prominent SPAC King Criticizes U.S. For Unsustainable Borrowing Amid Rising Treasury Yields

Chamath Palihapitiya calls out fiscal policies and suggests selling long-dated maturities to match America's future

Zenger

Elon Musk’s Surprise Appearance At Fundraiser Sparks Speculation Of Alliance With GOP Presidential Candidate

Musk's growing camaraderie with Vivek Ramaswamy raises questions about potential political backing

Zenger

Venture Capitalist Palihapitiya Suggests A Surprising 2024 Presidential Contender

Chamath Palihapitiya believes Vivek Ramaswamy could surpass Trump as the GOP frontrunner.

Zenger

Mexico Poised For The Manufacturing Spotlight Amid Tensions In China-US Relations

A couple of developments related to China rocked tech stocks on Thursday as fears of an aggravation of the trade war.

Zenger

Spotify's CEO mused about being an 'unreasonable' boss—then Elon Musk and Mark Cuban piled in

Spotify founder Daniel Ek shared his "guiding motto" on X, formerly Twitter, which sparked debate.

Fortune

VCs weigh in on IRL, the social app unicorn with 95% fake users: ‘Inexcusable’

Chamath Palihapitiya warned of “deeply inexperienced” VCs who “don't even know how to ask the basic questions.”

Fortune

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Zenger

Billionaire Twitter Battle: ‘Go Woke, Go Broke’ Debate Heats Up

Chamath Palihapitiya and Mark Cuban spar over the impact of woke companies and the effectiveness of boycotts.

Los Angeles Times

Brian Merchant: The tech elite's embrace of RFK Jr. is a grim omen for Silicon Valley's future

Silicon Valley's archetypal hero is the founder of humble beginnings — he who, through grit, sweat and genius, unleashes a world-changing idea from his garage. It's hard to imagine someone more antithetical to that formula than a scion of the most powerful political dynasty in the nation. Yet Robert F.…

Tribune News Service

Tech luminaries give RFK Jr.’s anti-vaccine message a boost

Democratic presidential candidate Robert F. Kennedy Jr., the latest scion of the Kennedy clan to seek the presidency, has a set of unusual fans: some of the most influential tech executives and investors in America. Kennedy’s strong anti-vaccine views are, for this group, a sideshow.

Salon

Tech boosting RFK's anti-vaccine message

Kennedy's views on shots includes alleged safety problems which have been discredited by reputable scientists

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Axios

Silicon Valley's loudest moguls get behind RFK Jr.

These are intrinsic contrarians supporting a long-shot presidential candidate whose last name is matched only by his baggage.

Zenger

Chamath Palihapitiya Recalls What Happened When US Last Got A Credit Downgrade

Venture capitalist Palihapitiya dismisses concerns over the potential downgrade of U.S.'s credit rating amid debt ceiling discord.

Fortune

Chamath Palihapitiya: 'Crypto is dead in America' thanks to regulators

“The United States authorities have firmly pointed their guns at crypto,” the investor said in a podcast episode released Saturday.

Fortune

SPAC king Chamath Palihapitiya: end of ZIRP era spells doom for unprofitable startups

The billionaire venture capitalist has a harsh message for unprofitable startups: 'the mathematical truth of high interest rates is that it renders your company valueless.’

Fortune

Elon Musk's buddies in Silicon Valley are predicting he will emerge laughing from his year of record-breaking wealth destruction

The Twitter and Tesla CEO will get "complete financial flexibility" this year, predicts VC Chamath Palihapitiya.

Fortune

IPO outlook: After a boom and bust in recent years, 2023 may be the year unicorns Stripe, Chime, and Instacart list shares

The IPO pipeline closed in 2022, but there’s reason to believe that it may reopen as 2023 gets underway.

Fortune

A prominent investor once advised Sam Bankman-Fried’s FTX to form a board

The crypto exchange FTX, once valued at $26 billion, was operating without a real board. Its downfall could lead to renewed pressure for private companies to have independent directors.

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