427
Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions
(finance.yahoo.com)
this post was submitted on 28 Aug 2024
427 points (92.4% liked)
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I find it funny you posted this to Uplifting, that's just so... Lemmy.
Kind of inappropriate, technically, but made me laugh none the less.
Well, billionaires should not exist so the news was uplifting to me.
Also uplifted!
And really, how could a billionaire really lose their money? Like, you have a billion dollars… stop fucking about and retire! You don’t need more. Clearly no concept of money.
The majority of his wealth was in the stock price of his company. Same as most billionaires.
Sounds like a pretty dumb way to not diversify
To be fair, I agree. I just think it's funny. If this was any other platform (like the one that starts with R), you only get fluff pieces that you see a million times and aren't even real news. Lol
It's uplifting because it is going to incentivive this titan of industry to create a new company to regain all his wealth. Think about how much wealth will trickle down when he makes another billion dollar company.