51. Clover the Big Red Flag (patreon teaser)

Cold open: CNBC turns on Chamath and Clover: https://www.youtube.com/watch?v=MRWnxUsyVDg We pick back up on the story of Clover Health—which is sure to be a business school case study of investors beware—and talk through Hindenburg Research’s damning report that raises a number of very serious concerns about Clover Health’s business practices, undisclosed Department of Justice investigation, alleged conflicts of interests, and the CEO of Clover’s past experience busting out hospitals in New Jersey. The allegations against Clover are not just an exception, but rather a perfect encapsulation of the corporate chicanery that spreads, like a weed strangling the economy, when a thousand SPACs bloom. TMK shirts are now available here: https://www.bonfire.com/mech-luddite/ Subscribe to hear more analysis and commentary in our premium episodes every week! http://patreon.com/thismachinekills Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)