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Thanks for the free tickets! Just curious, what was your motivation for investing so heavily if you knew the business model was dumb?

• TameAntelope 5y ago
  Not the guy you asked, but he just listed a half-dozen or so things he probably expected them to expand into that were promising/could have worked out, so I'm guessing he invested hoping they'd do those things, and was pissed when they didn't.
• jermaustin1 5y ago
  For the bragging rights. It was already about to be delisted and I think it was sub $1/share. So I looked up how much I'd need to own to match the largest individual investor, and decided. I could have invested the paltry amount (I actually cannot remember how much, but it was < $10k in my IRA) in something worth while, or... burn it all to own more more than any other individual investor at the time that I did it. I only held for a couple of days, before selling it at a ~70% loss - or vanguard liquidating when it delisted - I cannot remember now. But it was a fun ride and brag I got to have. People at the office cheered for me. People in my house berated me.
  • nathancahill 5y ago
    Haha is "the office" WallSteetBets?
    • jermaustin1 5y ago
      I had never even used reddit before just a few months ago, so no, it was an actual office lol.