How The 'SPAC King' Forever Changed The IPO
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- Опубликовано: 23 авг 2021
- Chamath Palihapitiya is a Silicon Valley staple. He's a tech billionaire, he owns the Golden State Warriors pro-basketball team, and he has a devoted online following. He’s also behind some of the biggest IPOs of the past year thanks to something called a SPAC. And while he didn’t invent SPACs, he's used them to forever change how companies go public.
To read more about Chamath's rise, check out Zeke Faux's full feature profile in Bloomberg Businessweek: www.bloomberg.com/news/featur...
#SPACs #Storylines #BloombergQuicktake
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Chamath is doing what is best for Chamath. Cares only about himself and it's very obvious.
Can you give an example of someone who isn't looking out for themselves?
@@ErnestoGluecksmann I am not saying anything is wrong with that and think nobody is perfect in not looking out for themselves. What I am saying is many have been hurt buy fake altruism of Chamath.
@@ErnestoGluecksmann he supported a scam crypto project
@@trifeccta which one?
@@monasa4676 check coffeezillas video on it
Chamath, to me, comes across as a very smooth talking billionaire con man. I would listen to what he says, but then analyze it very critically so as to be aware of the subconscious manipulations in his delivery.
Prolly does it subconciously. Were not all introvert analysts
he's just an investor and speculates!
“You are being programmed”; while programming you lol
SPACs' financial mechanics do not seem to benefit typical investors. They seem to give off bag-holder vibes.
Because there isn't any benefit for retail investors. You are letting someone with conflicting interests hold your
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Exactly!
Just a bit!
It's odd that the bio skipped the part Chamath played in the AOL-Time/Warner merger and jumps straight into getting a job at FB after being disgruntled as a trader.
How can we learn more about the merger? Chamath was the disgruntled trader?
@@alexNGMI Chamath was an IB analyst - not a trader.
Chamath was never a trader! During his time algos had already taken over 65 - 75% of trading activity
Im upset i wasted time just to get to the end of this bio just to see clear false bias in what theyve said. Around the 15 minute mark the show a char where SPCE is down 60% and with the verbiage they use it implies thats since IPO...which is not the case...SPCE is still up 100% since IPO which was only two years ago
Now two years later SPCE has crashed to $1.64. Keep believing.😆@@davz203
Chamath uses SPACs to pump and dump. I saw the trend of all the SPACs over 2019-2020. Open high and people sold and it all dropped.
SEC should look into how SPACs are valued..
... Lol this man throws around "democracy" "social" -- everyone just falls for it. He is a slick speaker
Exactly! And SPACs are the biggest scam.
I never fell for his lies.
Chamath and Cathie wood talk so much about their side investments when it’s players like Tesla Facebook Amazon that made their wealth.
Exactly
Chamath is more like a shady...guy who pretends to be on the poor mans side but is actually abusing them just like wall street haha
Just like 45
It’s not hard to be the king of spacs when you’re already a millionaire. It’s easy for you to find opportunities that aren’t offered to retail investors, who are forced to wait to buy publicly.
like thiel's roth ira investment
Bill Ackman would like a word.
there are million millionaires, not evveryone did it
American financial system in a nutshell right here
It's like you are saying it's not hard for collage degree to get high paid job.while there are millions or more people whole have no proper education but who become even more richer then who got then self a degree. It all about bringing your vibration/energy to the environment where it can be attractble .
The reporter is really bad at speaking with a teleprompter
The whole time i was expecting some huge busting, but actually not much new...
Do Ackman next
Chamath is full of it. Accusing everyone else of his exact goals and racket.
I’m waiting for the besties to talk about this
Chamath is going to be roasted at least before he gets a chance to explain
Yesssss
Did they"¿
They seem to avoid talking about chamaths SPAC. Even though it seems Jason is pretty anti spac
I can’t wait for this
This guys been in Jake Tran’s videos quite a lot and I’ve always been suspicious of him being a bullshitter. This video just adds to that perception for me
@@kunalmandhare3144 jake tran
What is your opinion on that guy?
@@rusitoexplorador Jake? I used to respect his opinions as they were fairly unique, but as he’s gone on, it’s become clear he’s not nearly as smart as he seemed. Lots of conspiracy hints and gold bug talking points
This was known 1 year ago...
Jake has become a bag chaser he sells out to everyone
Love these series. Keep em goooin @Bloomberg
He has missed CLOV but most SPAC companies underperform vs S&P 500 anyway, though. In Q1 & Q2 this year, there were a bunch of SPAC IPOs and the number declined dramatically as now it has left a bad taste in the retail investors' mouths
I pounded on how my retirement will be cos am yet to figure out something better I can invest on for better return in a short while please cananyone here s Hf are ideas thank you
This is the right time to invest if you are ever thinking if growing your wealth but at same time you have to be extremely careful
Trading stock is amazing with the help of Mr Carlton Jefferson, with him I now have better knowledge of the market and how I can manipulatez it too
No magic in trading having a strategy that ensures profit is the best you can do and that's not for novice, lost over $5k trading with bad strategy but with his help I have recovered losses and even made more
Stock market controls a huge part of my passive income flow, where I invest big and profits bigger
His experience over the years gives him edge over other brokers his strategy is profitable
They make billions out of new bie investors who have no clue they are being sold a broken company's stock. This has happen many times. The investors all bail out when the company gets listed publicaly so the price will reflect the investors insider knowledge and the common man will loose all their money because the investors will get early sell information.
I don’t really like the stuggered/slow talking style of the host.. very hard to follow for a non native English speaker
I think they are trying to be more inclusive in the production of these videos
I’m not defending him, but I suggest everyone here not allow 1 Bloomberg QuickTake video to smear your opinion of the guy. Research him and things he’s done and make up your own mind.
Can you tell us about your research
@@watchlistsclips3196 in a comment section!?!?!? Why does he have to write a full blown evidence filled essay on a youtube comment section? As he suggested, go do your own research
@@Jerry-tg2lj An argument has been made why Scamath is not the messiah as he painted himself to be. If Jonathan is arguing it's Bloomberg's video is without merit, then the burden is on Jonathan to convince us. You don't get to make a claim then say "do your own research". Otherwise what's the point of having a discussion at all?
@@jagdiogan424 Did you even read my comment? Where in that was I actually "so upset"? I merely responded to @Jerry, not Jonathan
I didn’t claim it’s without merit. I’m just saying don’t use a 16 minute video as your only source to form an opinion. There are plenty of talks he’s given and plenty of other RUclipsrs analyzing his actions so you can decide if he’s a scammer or not.
Chamath's SPAC are not immune to market volatility. Every investment comes with a risk. This guy's portfolio has more wins than losses. On an average he makes pretty solid bets.
Guy's already insider trading, the risk is slim to none
Fabulous video. Keep doing this @bloomberg
People don’t call him Scamath for nothing.
Bad smell
Don't understand how he is not in trouble with the government.
@@robertwhitten265 because govt has there own money in his SPAC
Great reporting and video presentation
Dear Bloomberg, pls choose another storyteller next time. Thx
Loads of chamath haters in the comment. Dude has paid his dues. Taking risk where many wouldn't.
Chamath plays the game well.
"Success is like being pregnant, everyone congratulates you but no one knows how many times you've been f*cked."
Just stay consistent, you'll be successful, I promise you that.
Wow talk about reality check! Now that quote really puts success as well as the world at large in quite a perspective does'nt it.
I know this is a quote from a Benjamin video but I'm seeing it on a Bloomberg video. Weird
Lol
Why didn't you guys mention SOFI or OPEN ? because nothing to complain there?
You have to understand the narrative. It has to be the worst performing of the list and the least favored in order to fit the storyline.
Can't be one of those gaining notoriety and respect.
This docu is spreading FUD all paid for by some institutions
SOFI and OPEN are both down 58% and 87% respectively from IPO
I’m glad he spoke out against Facebook
Was this video re uploaded with a changed title ?
Waiting for the FBI to announce a headline….
Our narrator must be proud of his paternity leave, to go out of his way to mention it. Interesting story 🤔... Attaboy 👏 👏 👏
This aged well.
A well seasoned investor always knows to never buy a SPAC or an IPO right away. You have to wait and let the smoke settle. Stocks go up and they go down, deal with it or the market ain't for you 🤣
Except lucid. I bought in on that SPAC.
@@josephbrennan370 Lucid was great if you bought in at the $15-$30 range before the rumors caught on and managed to spike up to $60. Everyone sold the news. I still remember that day the news dropped, the day after the whole market experienced a correction.
The problem with the SPAC is that they're not ready just yet. This was not even a year ago, and people are expecting profits with Tech companies. It's like, really??? I'm glad a waited on them, but I'm ready to pounce right now. SoFi, Proterra, Lucid. I've put in 30% of my savings in those 3 companies.. and I'm ready.
I bought Moderna at 50.00 and people called me an idiot. They said the company was guily of insider trading , etc.. now they are $400.00+. You got to know when to time these tech stocks. I'm not expecting huge gains right away, but I'm betting we are right at the bottom for the tech SPACs.. and I'm putting my money where my mouth is now
@@dundermifflin5465 we can't forget that lucid also diluted the shareholders severely
The market exploded because that’s his role from the top to Chamath to get his Spot on the Crew
Success is about focusing Your energy on what creates results and using what you already know
Assets that can make you rich!
I.Crypto
2.Stocks
3.Shores
@@kylehenderson1243 You are right sir
Chamath is just playing the game.
Too many unsophisticated investors who need holding hands. This is a feeble hit piece
I like that he publishes his logic behind why he does a deal. Nice.
It's going to be interesting when you make this video, but about crypto.
I mean, its the same scam but a bit more brazen, with a few different (but the same) faces and different (but the same) contents.
Which part of crypto is a scam? Maybe some currencies are scammy, but not the fundamental principle behind it ( blockchain technology ). It’s up to you to form your opinion, but as someone who works with the technology behind it, I’m very confident it will last a really really long while. Just to make it clear, I have not invested in crypto, I’m just working on using blockchain technology for P2P energy sharing ( amongst other technologies).
So exactly what you're trying to say. Is the concept of SPACs a bad idea OR there is a problem with this dude's SPACs?
The economy hardship, recession, unemployment and loss of job caused by covid pandemic is enough to push people into financial ventures.
I wanted to invest more on digital Digital currency (crypto) but the fluctuations in crypto value discouraged me into dumping.
"He has missed"
These spacs have been live for less than two years. Calm down.
Every time I see that guy online he’s saying some nonsense that makes me rolls my eyes.
Dude also convinced me to buy bitcoin 5 years ago. Thanks chamath
In February everything (growth stocks) was dropping. It is the stock market what do you expect. You expect this guy to hit homeruns every time.
Chamath's is not an American rags to riches story. He is a Canadian rags to riches story.
America made him rich nit Canada sorry 😂😂
If this was a Hip Hop beef this is what it would like when the 1% are upset at you for not paying up
This presenter has the cadence of that teacher from Ferris Bueller
Spac king? He doesn’t deserve the title. He was the first to abandon the ship when all spacs started going down
Mantap
Go Chamath. "You are the American Dream" All of us immigrants are impressed. Smarts, Hard Working, and taking advantage of the loopholes like everyone else.
This is the right time to invest if you are ever thinking if growing your wealth but at same time you have to be extremely careful
The spac part, maybe...for now. But he got in tsla and amzn also back when no one else would. They weren't traditional at all. Give it another 5-7 years at least.
So true. I think the whole video was to bad mouth chamath, using $clov as their main argument.
Yea I'm not pro or anti Chamath at this point but the ominous music they kept playing had me thinking "Ok, now this is the part where they completely expose him." But that never happened.
Makes me wonder if Bloomberg just wanted a sensational story since SPACs are the current buzz or if they have something against they guy.
Most of these are just the same old speculations and games. New names
Some people deserve to be robbed by buying stock of broken companies.
Shots fired. *grabs popcorn*
7:18 what is a spak
Great video!
No matter how many times they try, they can't cancel this guy
i like the way he says the first dialogue
_ +𝟷𝟽𝟷𝟽𝟺𝟽𝟹𝟿𝟺𝟹𝟾”_.
That anchor @01:40 wow...
Is it just me or was the music here way too lound and distracting?
He didn't miss on purpose.
The speakers seem nervous and underconfident throughout.
If you didn't get it... this was an attack!
This is how Short sellers spend their money. Obviously this has been scripted by someone else and they put a bofo to read it
a very disingenuous hit piece. looking at show notes, cueing ominous music and voice over to deliver a one-sided bear thesis on clover. the company doesn't fit the mold of a traditional insurance company and risk-taking is where disruption is. doubling down on an outdated may opinion piece, clover's latest earnings has blown away revenue guidance for year to date
This statement sounds like Chamath
Snake oil salesman. We’ve always had men like him in all ages (times), countries, ethnicities, religions. They have an ability to speak and orate things and people just listen. They make their money amd only care about making money by hook or crook. The rest of the things they say about goals, social goals, visions are just cover ups and distractions.
Well said!
SPAC is the next bubble!
How can someone possibly claim that SPACs are suited for mom and pop investors?
People who are trying to make a fast deal and put the bag on those very investors.....that's who
Chamath's a fraud, selling junk to retail investors. I also question the performance of his hedge fund and VC funds? Why did so many key personnel walk out??
His from Sri Lanka 🇱🇰
One bad buy out of 7 and now all the doubt, lolol
One bad? Did you not follow OPEN?
This guy needs to be put in prisons for defrauding investors and ruining investor ponzi schemes
Comes off as an arrogant he’s smarter than everyone else Judas. I don’t trust him.
SPACs are literally just a new version of blank check companies with barely better protections. This is just a new financial vehicle for a new techish bubble emerging. Classic US precession financial market behavior
How does a small time banker and electrical engineer roll up to FB for an interview and get a job as head of growth. That just sounds far fetched.
Thanks for watching. For proper analysis and info….
_ +𝟷𝟽𝟷𝟽𝟺𝟽𝟹𝟿𝟺𝟹𝟾”_
Its because Bloomberg hasn't accounted for his Career in AOL as AOLs youngest Vice President along with many other big things he's been a part of before joining Facebook, he even led a merger for Time Warner as Time Warner Cables Principal
Because this is a hit piece where they do not tell you the truth. They left many things including him working at AOL and becoming VP there out to create a narrative
@@lololo-jh6yw media for you, always bending the truth.
@@lololo-jh6yw What does Bloomberg have against Chamath. He’s competition?
So SPACs are IPOs with additional acquisition risk. Because more risk is what IPOs really needed.
Can that tongue get any more silver...
its Pitty that gamblers became investment guru. this craze will not end well.
This is a hit piece
As it should be, how are those SPACs doing?
Take a company with little value and its starts out with a 50 million market cap. Look at stocks, most should have never been listed
SPACs are just insanely overpriced. Chamath Palihapitiya has managed to make a fool of new investors by buying into it. Every IPO the last 2 years has been valued at least 30% above what it should, and it will cost a lot to some investors when the card house collapse.
Whenever there is a poster boy from Sri Lanka there is bound that bubble will burst happens soon...Raj Rajnatnam does this sounds some bells
11:13 Chamath has a 6-pack! 😂
Excellent report
He's just the "lite" version of Elon Musk, both are in the business of selling high tech hot air.
Who are the 150 men who run the world according to Chamath? I think we should know their names, and start asking them some difficult questions.
Ah man every man and his dog knows this, its Buildeberg club.
John C. Reilly is now doing financial news.
You know, This guy is also into crypto...and said digitalisation is happening.....and will transform our life in coming decades...
My point is that...if that dude from his apartment didnt come up with his blogpost, the SPAC market would have went along....
CLOV just doubled in counties served. This aging like milk lol.
I'm proud as a Sri Lankan about him even he wasn't raised in Sri Lanka
SPACs in theory... sound crazy and kinda shady. Can't Chamath made it legit and viable. 🤔
This piece feels odd... feels like instead of discovering a story, they decided to tell a specific story and find evidence to back it up... kinda curious what happened with all the other spacs since they only focused on clov, and doing some basic research on clov. It legitimately looks like a potential great buy a current pricing and their growth rate if they can show plans to turn a profit. Reminds me of people 10 years ago saying amazon losses money every year so it’s a bad company, but clearly it was part of the plan to reinvest everything made, (not comparing it to amazon, just comparing the negative spin without reference to the companies future guidance)
Hmmm paid for docu to spread FUD.
All institutions has some shade on them. I would stick to my DD.
Exactly. If his thesis is that Chamath SPAC is bad investment, he need to go through all the SPAC with numbers to support his argument. What a sneezy analyst that mentions Hindengburg report on CLOV without mentioning CLOV response. The whole piece just throws shade at Chamath's SPAC by linking it to meme stock and Chamath's wealth. I expect much better analysis coming out from Bloomberg.
That's below my line
I like him because he recommend Tesla in the beginning.
Proud to be Sri Lanka 🇱🇰 🇱🇰
SPACs often dont work and it is as usual private investors who take the 'flesh-wound' on this with little or no redress to people like this guy. A smooth talking bullshitter IMO...
All hail the SPAC DADDY
This video has a weird vibe
No talk about how chammy skips leg day