Palihapitiya’s $16 mln bet on Clover worth $682 mln on Reddit rally

Serial dealmaker Chamath Palihapitiya’s $16 million investment in the special purpose acquisition company that took Clover Health Investments Corp public was worth $682 million on Tuesday after a Reddit-fueled rally in the health insurer’s shares. Clover shares ended trading up 86% on Tuesday as it became the latest ‘meme stock’ to capture the imagination of […]

Continue Reading