How The 'SPAC King' Forever Changed The IPO

Chamath Palihapitiya is a Silicon Valley staple. He's a tech billionaire, he owns the Golden State Warriors pro-basketball team, and he has a devoted online following. He’s also behind some of the biggest IPOs of the past year thanks to something called a SPAC. And while he didn’t invent SPACs, he's used them to forever change how companies go public. To read more about Chamath's rise, check out Zeke Faux's full feature profile in Bloomberg Businessweek: https://www.bloomberg.com/news/featur... #SPACs #Storylines #BloombergQuicktake -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_... Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join Subscribe to Quicktake Explained: https://bit.ly/3iERrup QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel QuickTake News for breaking global news and insight in an instant.