This is some asshat complaining that he isnt a billionaire anymore and how he is now humble and hungry to make it back there since his net worth is now only a lowly 225 million and he had to sell his 55 million dollar home. He is not pennyless selling his possessions he just had to downgrade his living style from wasteful worthless billionaire to the low level of a few hundred millionaire.
Don’t worry everyone he started a direct sales rug company he thinks should get him back to 500 million. Fuck this article and that guy.
Dude was never a billionaire to begin with. Peleton stock was vastly over valued by hype and was going to come crashing down sooner than later. Just another company that tried to sell itself as a tech company without making actual groundbreaking tech.
I could never figure out how they sold a bog standard exercise bike with a crap tablet attached to it, and people just the money at them.
Don’t forget the death trap treadmill that got recalled because it sucked pets and small children underneath https://news.sky.com/story/stop-using-peloton-treadmills-if-you-have-children-or-pets-us-officials-warn-12278860
Nobody taught him how to billionaire right.
I guess the only thing left to do is to go on a submersible dive.
correct community to post this in
the orphan crushing machine is running in reverse
is it possible to uncrush them?
He’s fine. All he has to do is pull himself to by his bootstraps, cancel his Netflix account and he’ll be back a billionaire in a year.
He’s still buying avocado toast. He’ll never financially recover.
Perk up bud. You can always sell your blood.
He just needs to stop buying that avocado toast and expensive coffee in the morning.
For how much he lost he must be buying avocado toasts with little diamonds in them, and then getting his teeth remade every day after they got destroyed by chewing the diamonds.
It’s almost as if overpricing is bad for business, eventually.
🥑 🍞 🎻 😢
I was one of the retail investors in 2020 who quadrupled up in a couple months and then had the good sense to get out. How did the fucking CEO think that kind of growth was long-term sustainable?
They didn’t but they also thought they could come out clean. Thinking you are better than the system you are working in it’s fine as long as you are. He wasn’t lol
Oh no. Anyway …
Man, I too could rough it with 225 million, maybe… someone should give that to me, to see if I can make ends meet! I’d like to try that experiment.
Fucking richers
I’m not sure if i prefer this or catastrophic implosion
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.
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
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.
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Sounds like a pretty dumb way to not diversify
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.
