Kamala surges, Trump at NABJ, recession fears, Middle East escalation, Ackman postpones IPO

2554.575 - 2574.596 Chamath Palihapitiya

It's trading like a penny stock. It's going straight down like a lead balloon. Yeah. Meta rallied. They've basically given up all of their gains. It's gone kind of straight down today. But the point isn't that these companies are going to zero. That's not the case. It's just the point is that right now people are optimizing, they're selling every chance they get to kind of book the profits.