‘Go woke, go broke’: Billionaire CEO triggers hot debate

Chamath Palihapitiya, CEO of Social Capital, sparked a debate on X by sharing a Bloomberg article showing that southern states contributed more to the US GDP than the northeast corridor. He attributed this trend to cultural factors and “woke” policies. The article highlighted a wealth migration to the South, with Florida, Texas, Georgia, the Carolinas, and Tennessee adding $100 billion in net income while the northeast corridor experienced a $60 billion loss. Palihapitiya’s claim was challenged by billionaire Mark Cuban, who asked for examples of “woke” companies going broke.