CEO says US should let billionaires and hedge funds 'get wiped out' - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'They don't get to summer in the Hamptons? Who cares?': CEO says US should let billionaires and hedge funds get 'wiped out' during the coronavirus crisis

that poor-performing billionaires, hedge funds, and massive companies — including airlines — deserved to be "wiped out" during the coronavirus pandemic.

in a span of two weeks. Palihapitiya said average Americans filing for unemployment would bear the brunt of the economic crisis, not billionaires, their companies, or hedge funds.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Socialism or free market capitalism? They should pick one and stick with it.

Palihapitiya take number two position in the world as the dumbest person behind Trump. This crap he's spewing is utter nonsense. Here's a thought... Let his Social Capital collapse

Absolutely correct... American Taxpayers should NOT bail them out or reimburse in any way. Those participating in hedge fund offerings are Accredited Investors. They are finally knowledgeable & know full well, upfront, that part or all of their investment is at risk.

Agreed. Then we can transfer the wealth from the 1% to the 99%. The algos are programmed to buy the DowJones assuming everything returns to normal. It will never be normal again

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon CEO Jeff Bezos' annual shareholder letter loses its luster - Business InsiderAmazon CEO Jeff Bezos's annual shareholder letter, once an insightful must-read, has turned cautious and promotional as the company faces more scrutiny He wants out. To rich now to care. Dudes company worth a trillion dollars and he still paying people $13/hr 😒 JeffBezos temporary extra $2/hr? Let them eat cake
Source: BusinessInsider - 🏆 729. / 51 Read more »

What life is like in Jackson, Wyoming, the US' most unequal place - Business InsiderWealthy people are flying to Jackson Hole, Wyoming, to shelter in their vacation homes. Here's what life is like in the most unequal place in America, where the 1% makes $16 million a year. Is Rachael E Greenspan going to face punishment for tweeting lies about a black conservative female named Mrs. C. Owens? Rachel Greenspan deserves to be suspended. You are part of the FakeNewsMedia with reporters like rach_greenspan making up lies about RealCandaceO
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: US, Russia, China, UK to sign global truce during pandemic - Business InsiderEmmanuel Macron says the UK, US, and China have already agreed to a global ceasefire amid the coronavirus pandemic. How do you feel about a 10% interest in a resort in Florida? Good News SpanishDan1 No. FRANCE has sought to agree it... TRUMP isn't being consulted
Source: BusinessInsider - 🏆 729. / 51 Read more »

US weekly jobless claims hit 5.2 million as coronavirus layoffs continue - Business Insider'We wiped that out so fast. It's mindboggling,' said Heidi Shierholz, senior economist at the Economic Policy Institute. Well, Trump’s been trying to undo everything Obama did, so... mission accomplished... I guess. Making America Great .... after correcting for disastrous lack of preparation Jobs that will come back when the country reopens.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Netflix's US sign-up website saw a huge lift in visitors in March 2020 - Business InsiderDuring the weeks ending March 22 and March 29, visitors to Netflix's US sign-up page climbed 123% compared with the same weeks a year earlier. Newsworthy? Exclusive site tracking data? Next time just ask the average Joe, he could've told you Netflix would soar. Are you guys under new management or something? What happened to you?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sun Valley, Idaho has one of the US' highest COVID-19 infection rates - Business InsiderThe share of the Blaine County, Idaho population testing positive for the coronavirus is even greater than in New York City.
Source: BusinessInsider - 🏆 729. / 51 Read more »