Social Capital CEO, Chamath Palihapitiya, Donates $GME Stock Earnings to Barstool Fund
I don’t know stocks. I don’t know why in the last 48 hours or so GAMESTOP stock has been skyrocketing. Yes, Gamestop, the store that buys your old video games for a pennies, has just been climbing like a rectal thermometer up a sick cats bum. It is over my head, but apparently it is intended to make some people money while fucking over even richer people. A sort of stock market Robin Hood situation I suppose. Either way, Chamath Palihapitiya, CEO of Social Capital, who’s mission is to advance humanity by solving the worlds hardest problems (damn good mission if you ask me), took his earnings from this stock push and his previous holdings in $GME and immediately donated them to the Barstool Fund for small business.
$500,000 directly towards small business’ just like that. And if you’re in a ‘but he’s a billionaire, thats nothing’ person, go kick rocks you loser. If at the drop of that hat someone gives 500K to a good cause and your first reaction to say they have more to give, you absolutely suck. Unless its Virgil Abloh, then its okay. I don’t believe Chamath and Barstool had many ties before this donation, but Barstool Nate and others in the company were at the forefront of covering the $GME stock rise and I assume that got them on Chamath’s radar.
Chamath is clearly an uber successful business man and is on the way to running for Governor of California, so it shouldn’t surprise anyone that he made the donation. But hoping on national news and announcing a donation of the money you literally just earned to a charity that is changing lives is just clearly someone who gets it. While you have the likes of a business like the WNHL, who needs all the help they can get, creating separation from Barstool over the past few days, simultaneously a clearly tactical and successful business man aligns himself with the company. Some people get it, some people don’t. But that is a whole different bag to unpack.
As the Barstool Fund continues to grow, over 32 million raised so far, donations like Chamath’s are only going to lead to more and more successful people like him to buy in. The Barstool Fund is impacting the country on a scale no one could have ever imagined. It’s no where near slowing down. Be on the right side of history.
