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Joined 1 year ago
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Cake day: June 16th, 2023

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  • Tech investors and podcasters David Sacks and Chamath Palihapitiya are hosting a fundraiser for Donald Trump at a San Francisco mansion.

    These guys are mad that Bidens administration hasn’t been as friendly to mega corps, venture capital and crypto. Chamath specifically has had some SPACs get questioning from the SEC bc he wasn’t being honest about the companies. If I remember correctly during the GameStop short squeeze, Palihapitiya repeatedly attacked Robinhood and its founders for being unethical by selling payment for order flow to HFT firms like Citadel Securities and pushed his fans to switch over to SoFi, which was merging with his SPAC. yet failed to mention that SoFi employs the same practice of selling payment for order flow to HFT firms (including to Citadel Securities) and owns a 16% stake in Apex Clearing Corp, a clearing house involved in the controversy






  • My hunch is Zuck is salivating over divestment and was lobbying for this. However I think bytedance won’t divest since the US market only represents under 5% of the user base.

    This is gonna bite Biden in the ass hard with the younger generations if he signs it and then they won’t vote (granted a lot don’t vote anyway). They’ll see it as an out of touch old government trying to silence our voices and give money away for war rather than help people. Will definitely be interesting to see how it unfolds.