Twitter | Search | |
Dan Primack
Biz editor . Pro Rata newsletter and podcast. Dan@axios.com. DMs are open.
49,028
Tweets
3,398
Following
89,998
Followers
Tweets
Dan Primack 2h
New Pro Rata podcast is up: and I talk how tax cuts could hurt GOP in the midterms
Reply Retweet Like
Dan Primack 3h
Replying to @PaulRoales
Nah. I can always use . Gives me time to report some things out.
Reply Retweet Like
Dan Primack 3h
More: Chamath writes that "balance sheet" will provide follow-on financing. Not sure how LPs in existing funds are gonna feel about that.
Reply Retweet Like
Dan Primack 3h
There is little better for me than knowing at 11:45am on Thursday what Friday's newsletter lead is.
Reply Retweet Like
Dan Primack 3h
Leaving aside the "SPAC investors are dumb" argument... Problem for me is what happens IF a deal is consummated. It would be publicly listed, and clearly doesn't believe he has responsibilities to investors.
Reply Retweet Like
Dan Primack 3h
A big question to me right now is the Social Capital SPAC. As of 2 weeks ago, people involved said it was still very much looking for a target. But: Chamath today just said he doesn't care about investors. How does he continue to be CEO of a listed secturity.
Reply Retweet Like
Dan Primack 3h
More: The announcement from and the related story went out shortly *before* Social Capital's LP advisory council meeting. In other words, some of us read it before all the investors (even some of the big ones) were even informed.
Reply Retweet Like
Dan Primack 3h
There was none. He told it's untrue that he's often been unresponsive to investors & employees (which i wrote -- and which is accurate) and that he spent time this summer in London (which i didn't write -- tbh, not being there was part of the hedge fund problem)
Reply Retweet Like
Dan Primack 3h
There's also a story on the Social Capital stuff, in which says "“Who cares? It doesn’t matter.” when asked about not keeping investors informed about major firm changes. (he also says only funds-of-funds were upset -- he's wrong about that)
Reply Retweet Like
Dan Primack 3h
Just noticed that has referred to the reporting on Social Capital as "fake news." Sigh.
Reply Retweet Like
Dan Primack 3h
Replying to @chamath
4/ As for the balance sheet question, I'm now endeavoring to find out. But the firm spox has not replied to a single email or text from me in over two weeks. Not even a "no comment." So I don't expect to get it from her or .
Reply Retweet Like
Dan Primack 3h
Replying to @chamath
3/ He views having outside investors as a "distraction."
Reply Retweet Like
Dan Primack 3h
Replying to @chamath
2/ doesn't include a single factual inaccuracy in my reporting, even though he has both tweeted and said publicly it's wrong.
Reply Retweet Like
Dan Primack 3h
1/ Social Capital says it will no longer take outside capital, and instead just invest off its balance sheet (which I assume is recycled carry, but don't know for sure).
Reply Retweet Like
Dan Primack 4h
Replying to @nachkari
aware. instead used name of someone i grew up with. fixed online. apologies.
Reply Retweet Like
Dan Primack 7h
Replying to @jonathanvswan
Amaxios
Reply Retweet Like
Dan Primack 7h
Check out yesterday's Pro Rata podcast on the scooter wars. Apple: Axios:
Reply Retweet Like
Dan Primack retweeted
David Krane 20h
When the comms/marketing team takes over IT for the day and sets passwords...
Reply Retweet Like
Dan Primack 22h
Replying to @treehcapital
You're hired as our new headline writer!
Reply Retweet Like
Dan Primack 22h
Replying to @treehcapital
reneges?
Reply Retweet Like