SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms and he's not responsible for the poor performance of companies he took public

Dec 8 2022 by Business Insider

 
Chamath Palihapitiya

Brian Ach/Getty Images for TechCrunch

Chamath Palihapitiya said he isn't responsible for the poor performance of so-called blank check companies. Instead, the venture capitalist blamed Fed policy for causing the market rout this year, according to his recent interview with the NYT. "That is not in the control of one human being except Jerome Powell," he said at a conference in October.

The Fed crushed the bubble in special purpose acquisition companies, Chamath...

Continue Reading SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms and he's not responsible for the poor performance of companies he took public