Chamath Palihapitiya

6 quotes

United States Of America · Male

Chamath Palihapitiya is a venture capitalist. Palihapitiya was born in Sri Lanka, raised in Canada, and has worked for much of his life in Silicon Valley. Palihaptiya is an owner and board member of the Golden State Warriors. 2Life and career 3Early life Palihapitiya was born in Sri Lanka, and moved with his family to Canada at the age of six. After graduating, in 1999, from the University of Waterloo with a degree in electrical engineering, he worked for a year as a derivatives trader at the investment bank BMO Nesbitt Burns. In 2000, Palihapitiya moved to California with his girlfriend. 3Career as a software engineer and manager Palihapitiya joined AOL and rose through the ranks to become the head of AOL's instant messaging division in 2004. In 2005, he left AOL and joined Mayfield Fund. However, he left the job after a few months and joined Facebook, which at the time was a little more than a year old. Palihapitiya's work at Facebook involved trying to increase Facebook's userbas

All Social Media (3)Facebook (3)Social Media Is Bad (2)Investing (2)Power to the people (1)Amazon (1)markets (1)Monopolies (1)Gambling (1)Stocks (1)Capitalism (1)Internet Culture (1)The Negative Effect of Social Media (1)Wall Street (1)Wealth Inequality (1)

From “Why One Amazon Bull Thinks Jeff Bezos Is Building A $3 Trillion Company”

“Amazon seems to be a multi-trillion dollar monopoly hiding in plain sight.”

Tagged: Amazon, Monopolies, Investing, markets, Stocks

From “Former Facebook exec”

“The short-term, dopamine-driven feedback loops we’ve created including the hearts, likes, and thumbs up of various social media channels are destroying how society works. There’s no civil discourse, no cooperation; only misinformation, mistruth. And it’s not an American problem–this is not about…”

Tagged: Facebook, Social Media, The Negative Effect of Social Media

From “Former Facebook VP says social media is destroying society with ‘dopamine-driven feedback loops’”

“We have created tools that are ripping apart the social fabric of how society works. Your behaviors, you don’t realize it, but you are being programmed. It was unintentional, but now you gotta decide how much you’re willing to give up, how much of your intellectual independence.”

Tagged: Social Media, Social Media Is Bad, Facebook

“We curate our lives around this perceived sense of perfection, because we get rewarded in these short-term signals — hearts, likes, thumbs up — and we conflate that with value and we conflate it with truth. And instead, what it is is fake, brittle popularity that’s short-term and leaves you even…”

Tagged: Social Media, Social Media Is Bad, Facebook, Internet Culture

From “Billionaire investor Chamath Palihapitiya says GameStop's rally is no different than how Wall Street missed out on Tesla's surge”

“Let me tell you who was wrong: every single hedge fund. Name after name, when it comes to innovation, when it comes to growth, when it comes to people trying to do fundamentally useful things in the world, if it doesn't fit into the mold that Wall Street wants, they try to organize against it.”

Tagged: Capitalism, Wall Street, Power to the people

From “Chamath Palihapitiya on how you entrench inequality”

“This is how you entrench inequality: We let the poor “invest” in lottery tickets, sports gambling and casinos but not startups. The first three are perennial losers. Startups have returned 15% over the past 50 years.”

Tagged: Wealth Inequality, Investing, Gambling

Chamath Palihapitiya

Related People