The King of SPACs Wants You to Know He's the Next Warren Buffett
Chamath Palihapitiya has already drafted the next chapter in his charmed-life story.
The immigrant kid who bootstrapped his way into riches at Facebook Inc., made billions as a risk-hungry investor and became the pied piper of the current blank-check craze now envisions himself as nothing less than the Warren Buffett of the Reddit era.
"Nobody's going to listen to Buffett," Palihapitiya, the founder of Social Capital, said in a Bloomberg "Front Row" interview. "But there has to be other folks that take that mantle, take the baton and do it as well to this younger generation in the language they understand."
The language, of course, is social media. That's where the 44-year-old billionaire talks up his deals, trolls the establishment and hypes "all things Chamath." Recently, he stoked speculation he might run for governor of California. Occasionally, he tweets out shirtless selfies to his 1.3 million followers. His feed is a digital stream of consciousness.
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What will happen to users who don't agree to Whatsapp's privacy changes WhatsApp said earlier this week that it will allow users to review its planned privacy update at "their own pace" and will display a banner to better explain the changes in its terms. But what happens to its users who do not accept the terms by the May 15 deadline?
Editor's Note: While many people have been trying to upskill in the past year, those working as product promoters, retail salespersons, production helpers, tellers, office clerks, data entry operators, insurance underwriters and legal assistants will have to acquire new skills, the report by McKinsey Global Institute states.
Can the Tata-Bigbasket deal change the contours of India's e-grocery segment? India's e-grocers are making lives easier for millions of people. 2020 saw people shutting their doors because of the lockdown and opening up to the idea of ordering groceries online. The e-grocery market grew at a lightning pace of 73% last year alone and is expected to cross the $5 billion mark by end of this year.With Grofers, BigBazaar, D-Mart and the likes, the segment surely has many players. But, the largest of them all is… Reliance. With JioMart, the company managed to capture a fat market share of 30.5%. But, Reliance's dominance might end soon! ET Now has learned exclusively from sources that the Tata Group has signed on the dotted line to acquire 68% stake in e-grocer BigBasket. How can the Tata-Bigbasket deal change the contours of India's e-grocery segment? Find out.
From few micro VCs backing Flipkart, Ola, others, how ecosystem has grown in number of investors, capital Investors such as Helion Venture Partners, which had put $800k in Flipkart back in 2008, earned 16.7x returns on its exit from the Walmart-owned company. Others including Orios secured around a whopping 375x returns on its 2011 angel investment of $156k in Ola while DSG Consumer Partners witnessed around 6x returns on its $1.25 million investment in OYO back in 2014.
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Analysis: What do the latest forays mean for Marico Jubilant Foodworks? The decision to launch 'Saffola Oodles seems to be in sync with its overall strategy to be in health and wellness products. The fast-moving consumer goods company is already present in the healthier categories of oats, breakfast meals and soya chunks.
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Indian government working on new law to regulate social media: Ram Madhav The minister made the statement at the launch of his new book 'Because India Comes First'. Madhav further claimed that democracy is stressed and it is facing new challenges in the form of 'non-political' and 'non-state' forces
Sonam Wangchuk makes solar-powered tent for Indian Army: Here`s what it does This tent has the potential to accommodate 10 jawans and is fully portable with the weight of the tent is said to be less than 30 kilos. Wangchuk also revealed that the tent could sustain even under sub-zero temperatures such as minus 14 degrees Celsius while pointing out that it was carbon neutral, replacing kerosene and tackling pollution.
YouTube stars, broking apps lure intra-day traders in India In India it's been a wave of YouTube influencers like Prasad Lendwe of FinnovationZ as well as a host of private stock-tipping social media chat groups that have drawn millions of day traders into discount brokers like Zerodha Broking, Angel Broking and Paytm's broker app
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Covid-19: Could empty office buildings help solve France's housing crisis? A recent study concentrating on the Paris region, home to nearly a fifth of France's population, found that if around 40 percent of firms adopted two days of remote working per week following the pandemic, they could reduce the office space they occupy by almost 30 percent
ETtech Exclusive: Dream Sports' valuation may double to $4 billion Dream Sports, the operator of Dream11, Fan Code and Dream Pay, is looking to get funding by way of a secondary share sale that will provide an exit to early-stage investors, including China's Tencent Holdings.
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Why India is yet to produce a world-class smartphone game By Md Waquar Haider New Delhi, Feb 21 (IANS): India is set to see its smartphone base increase to reach 820 million, currently hovering around 550 million, in the next two years. Despite being the second largest smartphone market in the world (behind China), the country cannot list even a single homegrown mobile-based.....
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