Prolific SPAC investor Chamath Palihapitiya is winding down two of his blank-check firms after failing to find suitable merger targets within deadline, as choppy markets dampen investor sentiment for the once high-flying acquisition vehicles. Social Capital Hedosophia Holdings Corp. IV and Social Capital Hedosophia Holdings Corp. VI will return the funds raised to shareholders, Palihapitiya…
Palihapitiya to Wind Down 2 SPACs as Choppy Markets Drag Valuations
This Billionaire Says the Recession Is Happening In Phases, and We’re Now In the First Part
Venture capitalist and Social Capital owner Chamath Palihapitiya say that the world is experiencing a supply-side recession, which is the first part of the process. In a recent interview, Palihapitiya warns that the global economy appears on track to witness phases of recession. “We have been in a supply-side recession. That is what has caused…
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