Bubble bursters Hindenburg research released a report on Chamath's SPAC $CLOV
Hindenburg research are self proclaimed bubble poppers. I know them for their famous Nikola($NKLA) report. Today they released a report about Clover Health, a recent SPAC handled by Chamath and social capital. I don't know what to make of it with current anti short climate and Chamath being a vocal advocate there although they say they've no positions and they've been doing this report for 4 months. This report does raise some damn good questions. There were open DOJ investigations, CEO with shady past and some malpractices to show sales. The wildest thing i read was that Social Capital(Chamath's investment firm) got 20 million founders shares for 25k and promoting the company. They're worth 290 million now!! Imagine if this was a key driver to select a company for SPAC! https://twitter.com/HindenburgRes/status/1357317294473547777?s=19 I kinda like Chamath as he's a good orator in general, disagree with many of his views, but this is some really shady shit if true. What are your thoughts on this? #chamath #spac
Ipof to the moon 🚀🚀🚀🚀🚀🚀
IPOE tho 🔥
Chamath is a douchebag. Stop even giving him attention. The dude wants to be Elon Musk so bad but never will be.
Yeah I do get that cultish vibe from his Twitter these days. Populist opinions without substance just to please majority. Some of his previous YouTube videos seemed legit to me but that's typically how things start lol
Any clover people or ex-employee want to respond
Interested
The company was shady AF while I was there in 2019. I believe everything in the Hindenburg article. Saw a lot of it myself.
How are you guys taking it? Talking to Ipoe/ipof investors. Doesn't it raise some concern about legitimacy of SPAC? I mean i do understand that if it's a short term play for you, shouldn't matter as it'll invariably pop upon announcement of merger. But if one's serious about long term, doesn't this look like a red flag?
I’m waiting for a company statement. Just bc they f’d up in the past doesn’t mean a company can’t change for the better
Loaded on $CLOV stock and a couple of call options today.
Cz this is meme economy?
This report smells like a hit job. Let's see their answer tomorrow. In the mean time I'm making a bet using the profit I made from $VERU today.
Lol, check Wallstreetbets u/Dunduin post. I am not saying the report is junk but you know that Hindenburg provides short recommendations. $CLOV is up 4% AF. Btw, I have no position in this stock
Nope. Chamath just turned too greedy when he divorced his wife. If you can't run your 20 year marriage for next 20 years something is wrong.
Did he fell for another women like Bezos?
LMAO this is the kind of analysis we need 😂💯