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This May Be One of the Most Important Moments Ever Broadcast on CNBC

Billionaire Chamath Palihapitiya breaks from the Silicon Valley echo chamber and makes a stunning admission about President Trump.

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Overton
Jul 14, 2026
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Every once in a while, someone who spent years buying into the media’s narrative about President Trump publicly admits they got it wrong.

That’s exactly what happened on CNBC this morning.

Billionaire investor Chamath Palihapitiya conceded that he was one of the many influential voices who bought into the media’s narrative about Donald Trump.

Now, after revisiting the original source material and getting to know Trump personally, he’s publicly admitting he was wrong.

But there was more to it than just an admission of error.

Across one conversation, Palihapitiya not only praised Trump’s presidency, but argued that millions of Americans were fundamentally misled about the man himself.

Palihapitiya said his personal turning point was simply going back and watching the original footage that the media had spent years talking about.

According to him, that’s when everything unraveled.

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