Sway16 Nov 2020

At-Home Covid Tests and Other Powers of a Tech Billionaire

Chamath Palihapitiya is one of Silicon Valley’s most successful tech investors. He’s also among the most candid. “I aspire to be a Koch brother before I aspire to be an under secretary,” he tells Kara Swisher on this episode of “Sway.” His definition of power has little to do with politics — it’s profits, he says, that empower you to “control the resources.”

Mr. Palihapitiya made his first fortune as an early executive at Facebook. He has since multiplied his wealth as an investor, with big bets and bold forecasts about the future. These days, he’s behind one of the most lucrative and controversial trends — SPACs, the acronym for blank check or special purpose acquisition companies, which some call the next bubble.

On this episode of “Sway,” Mr. Palihapitiya shares his predictions for American economic recovery and the return of centrism — and his prescriptions for what the Biden administration should do first.

You can find transcripts (posted midday) and more information for all episodes at nytimes.com/sway, and you can find Kara on Twitter @karaswisher.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

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