How The 'SPAC King' Forever Changed The IPO
ฝัง
- เผยแพร่เมื่อ 23 ส.ค. 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
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
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!
Chamath and Cathie wood talk so much about their side investments when it’s players like Tesla Facebook Amazon that made their wealth.
Exactly
... 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.
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 .
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..
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
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
Love these series. Keep em goooin @Bloomberg
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
Chamath is full of it. Accusing everyone else of his exact goals and racket.
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
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
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 TH-camrs analyzing his actions so you can decide if he’s a scammer or not.
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
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
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
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
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.
Great reporting and video presentation
This aged well.
Chamath plays the game well.
I’m glad he spoke out against Facebook
Our narrator must be proud of his paternity leave, to go out of his way to mention it. Interesting story 🤔... Attaboy 👏 👏 👏
Chamath is just playing the game.
I like that he publishes his logic behind why he does a deal. Nice.
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
Chamath is such a fun personality to follow. All in podcast is so entertaining and he has a really interesting backstory. There’s a lot of hype, but he really does understand technology well. I’m personally a fan, even if I don’t follow every investment idea he promotes.
Yea...thats why u still got 4k plus subscribers 😅...I subscribed though.
Make a video on him please Mr Coogan with more detail.
@@daroitm9616 300k now
Loads of chamath haters in the comment. Dude has paid his dues. Taking risk where many wouldn't.
Waiting for the FBI to announce a headline….
Dear Bloomberg, pls choose another storyteller next time. Thx
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
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
Was this video re uploaded with a changed title ?
The market exploded because that’s his role from the top to Chamath to get his Spot on the Crew
Dude also convinced me to buy bitcoin 5 years ago. Thanks chamath
This presenter has the cadence of that teacher from Ferris Bueller
Too many unsophisticated investors who need holding hands. This is a feeble hit piece
No matter how many times they try, they can't cancel this guy
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).
"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
Shots fired. *grabs popcorn*
i like the way he says the first dialogue
_ +𝟷𝟽𝟷𝟽𝟺𝟽𝟹𝟿𝟺𝟹𝟾”_.
"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.
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.
This man is a different tier of BRILLIANT
Great video!
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
Most of these are just the same old speculations and games. New names
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 😂😂
One bad buy out of 7 and now all the doubt, lolol
One bad? Did you not follow OPEN?
That anchor @01:40 wow...
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.
He didn't miss on purpose.
Proud to be Sri Lanka 🇱🇰 🇱🇰
Some people deserve to be robbed by buying stock of broken companies.
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.
If this was a Hip Hop beef this is what it would like when the 1% are upset at you for not paying up
SPAC is the next bubble!
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.
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.
7:18 what is a spak
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
His from Sri Lanka 🇱🇰
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?
Is it just me or was the music here way too lound and distracting?
Spac king? He doesn’t deserve the title. He was the first to abandon the ship when all spacs started going down
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
So SPACs are IPOs with additional acquisition risk. Because more risk is what IPOs really needed.
No talk about how chammy skips leg day
I'm proud as a Sri Lankan about him even he wasn't raised in Sri Lanka
This is a hit piece
As it should be, how are those SPACs doing?
11:13 Chamath has a 6-pack! 😂
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?
Excellent report
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
Chaamath is a really great guy and he is very intelligent . All the people around the world is only waiting for his one mistake and that is what I can feel from this video. I am still keeping my hope very high for this guy.
John C. Reilly is now doing financial news.
This video has a weird vibe
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
How long does Bloomberg believe is the cycle of a startup? It’s been 6 months 😂 - what an empty hit piece.
exactly. The fools that expected tech companies to be in the green already.. duh! I'm buying the rock bottom for these SPACs. because I have no doubt that companies like Proterra, Lucid, SoFI.. have bright futures. ( well, I feel 92% sure).
I love that there are people that are not visionary, because it is easy to build wealth off of their backs of distrust.
CLOV just doubled in counties served. This aging like milk lol.
He's just the "lite" version of Elon Musk, both are in the business of selling high tech hot air.
All hail the SPAC DADDY
All In pod!!!! All In pod!!!! All In pod!!!! All In pod!!!!
Mantap
I really like chamath, he has done some pretty questionable things but he seems like a decent person and what he says is extremely engaging and makes sense (for the most part). I really hope it's not a facade, and the way he talks and presets himself is true to his character, but i guess actions speak louder than words and we'll be looking closely at what he does in the future....
🎰🎰🎰
It's not easy when you are really not the top dog out there and not to mention you dont have policy makers and regulators on your side or at least in your pockets.
Listen to his all in podcast. His vision isn't short term. It's long term.
Can that tongue get any more silver...
I remember him pumping GameStop then jumped ship at the top leaving others holding the bags
He’s the poster boy for that one too.
People who invest know the risks lol. It's not like he asked them to be dumb fcukers who follow like sheep
SPAC JESUS
its Pitty that gamblers became investment guru. this craze will not end well.
They used CLOV to attack Chamath lol
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
this isnt fair, because we had a market correction in jan-mar time and a sell of in may in the entire market. Yes spacs fell more, but almost everything got oversold.
it takes time to find the bottom. Then it will go up, well only a few.. Not a total scam, just a fair trading game
@@sanstitre2058 yeah, but they be talking like he scammed people. Almost every SPACs and ipos have been pumping like crazy this year.
SPACs in theory... sound crazy and kinda shady. Can't Chamath made it legit and viable. 🤔