May 2, 2018
This foreign born A-list model must be horrified by her CEO husband's plunging stock price today. The company burned through over $1.50 in cash for every $1 in sales.
The CEO didn't want to go to jail someday, which is smart. The downside of that meant that he was only allowed to sell a very small percentage of his stock in the company, since its fortunes began to collapse.
Before long, the rest of his stock will be virtually worthless, and he will be far away from the billionaire club. There is only about a year and a half worth of cash left at his company.
Miranda Kerr/Evan Spiegel/Snapchat
This foreign born A-list model must be horrified by her CEO husband's plunging stock price today. The company burned through over $1.50 in cash for every $1 in sales.
The CEO didn't want to go to jail someday, which is smart. The downside of that meant that he was only allowed to sell a very small percentage of his stock in the company, since its fortunes began to collapse.
Before long, the rest of his stock will be virtually worthless, and he will be far away from the billionaire club. There is only about a year and a half worth of cash left at his company.
Miranda Kerr/Evan Spiegel/Snapchat
A lesson to all who overstate the importance of anything originally invented to make it easier to get away with sending dicpics
ReplyDeleteIs there anything funnier than a golddigger marrying a future bankrupt?
ReplyDeleteIf the app helps coeds pay their tuition how come you never see any textbooks in the background uh or so I heard yeah.
ReplyDeleteTime to get a divorce
ReplyDeleteTime to get thee to a yacht.
ReplyDeleteSell it cheap to Microsoft or Apple. Problem solved. Oh not a billionaire! The tragedy!
ReplyDeletethe real beauty of all this is the kid is now 27 years old , he was a self made billionaire at 24. he has a babe-licious girl friend and enough bank accounts full of script to keep him happy for awhile not to mention land and real estate holdings. is there a down side somewhere?
ReplyDeleteshe thought she hit the jackpot when she married him..lol. time to find another billionaire to latch onto.
ReplyDeleteBut her personal stock (for yachting, not Kora) will have gone down. Too many people been on and in that boat.
DeleteBut the stock is up six cents today, so this is BS and the company is doing fi-- oh wait, thought this was a Netflix blind for a second.
ReplyDeleteThe CFO "left" yesterday - usually the sign that the end is near
ReplyDeleteMiranda will be out within 6 months.
ReplyDeleteThey hired an ex Amazon guy yesterday to run things, although placing faith on a company at the mercy of teen kids and younger millennials isn't very good thinking. They move along like gypsies from one fad to another.
ReplyDeleteThing is, anyone clever enough to make millions -on their own, not handed to them by parents- is clever enough to make another million/ billion. He may lose all his Snapchat money but he'll make something new. Will Miranda stick by him until then?
ReplyDeleteI'm sure Spiegel will be fine, the first thing smart people get is a parachute. For everyone else on the plane though it's calmly place your head between your legs and kiss your ass goodbye.
ReplyDeleteSpiegel comes from great wealth and probably diversified his profits from the IPO just fine. His rich guy friends growing up are some of his main investors. He didn't exactly do this on his own.
ReplyDeleteMiranda's access to stylish clothing, the best parties, beauty treatments, the best drugs, has not been compromised. Praise Him!
Miranda will just have her Russian "friends" "invest" in it.
ReplyDeleteMeh Trump went bankrupt many times and now through the magic of bank bailouts he's prez! Maybe if Evan works with the right country ( Russia) and has 3 or 4 more bankruptcies he too can be prez. Spiegel already got the model wife who was a former " party girl " for hire so he's half there!
ReplyDeletePoor butterface Miranda will have to find another billionaire to latch onto.
ReplyDelete