Bloomberg Technology

Palihapitiya’s Social Capital Fires Two Partners After Probe

Social Capital, the venture capital firm led by podcaster and former Facebook executive Chamath Palihapitiya, fired two of its partners, citing an undisclosed “situation,” according to a letter sent to its investors that was reviewed by Bloomberg. Bloomberg’s Mark Gurman joins Ed Ludlow and Caroline Hyde on “Bloomberg Technology.”

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Social Capital, the venture capital firm led by podcaster and former Facebook executive Chamath Palihapitiya, fired two of its partners, citing an undisclosed “situation,” according to a letter sent to its investors that was reviewed by Bloomberg. Bloomberg’s Mark Gurman joins Ed Ludlow and Caroline Hyde on “Bloomberg Technology.”

8 Comments

  1. @shoopddawhooped

    March 14, 2024 at 6:08 pm

    lol looks like Papsmear-tortilla’s esg fund can’t withstand positive interest rates for long.

  2. @amdave76

    March 14, 2024 at 8:17 pm

    Obviously these two guys setup the investment in a way that cost Chamath a lot of money. He is pissed about that and sent them packing. He is the boss and owns the firm, so he can do whatever he wants.

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