Chamath Palihapitiya Shares His Views On Some Of The Biggest Stocks

Matty-Sways

Chamath Palihapitiya, part of Facebook's original management team, shared thoughts on the market's biggest investments.

Palihapitiya on Facebook

Palihapitiya is a former vice president at Facebook, when asked what he would have changed in the early days he said,

“I think we should have gone public a year or two earlier. Had we done that, we would have been forced to pay attention to the transition to mobile sooner,”

Some experts say that had Facebook completed an IPO sooner and focused on mobile that it could have been as big a player as Apple and Alphabet. Facebook would have a much different revenue makeup and would rely on advertising revenue. 

“In 2014, I made a big decision to sell all my Facebook stock.” Palihapitiya said.

Palihapitiya on Tesla

In 2016, Palihapitiya made a “fairly large” investment in Tesla. Palihapitiya has been vocal about Tesla becoming a $1-trillion company and sees cars as only the first wave of growth.

“In my opinion, [Tesla] now is on a death march to being the largest company in the world. It will be on the scale of Apple, probably larger than Amazon,” he said.

Palihapitiya on Bitcoin

Palihapitiya started investing in bitcoin in 2012. He once bought $1 million in Bitcoin based on a friend’s recommendation and after further research he invested more. He no longer has individual bitcoins, but instead invests in cryptocurrency by purchasing shares in the companies that own the cryptocurrency.

Palihapitiya said, in his mind cryptocurrency is a “really good place to be.”

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Economics, Finance and Investing

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