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
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