Palihapitiya Dumped $213M in Virgin Galactic. That’s Bad News for You

Here's a couple reasons why...
Is your money at stake??

Published: March 06, 2021

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Chamath Sells Virgin Galactic Holdings for $213 M: Pay Attention Investors 

Electric Vehicles

Let's take a moment to talk about the SPAC king's latest shady business…

News about Chamath Palihapitiya — the CEO and founder of Social Capital — just released, announcing he is selling his holdings in Virgin Galactic.

Chamath is the reason Virgin Galactic Holdings Inc. (NYSE: SPCE) went public through a SPAC merger with his Social Capital Hedosophia Holdings Corp VI (NYSE: IPOF) company in the first place…

AND the sale of the remainder of his personal holdings (6.2 million shares) will end up scoring him about $213 million.

And this smells fishy to me.


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