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Note: Carvana's founder cashed out over $3.6 billion of shares during the bull market, over double the company's current market capitalization...he can probably
by boeingUH60 4y ago
Note: Carvana's founder cashed out over $3.6 billion of shares during the bull market, over double the company's current market capitalization...he can probably buy the company using money he got from selling his shares earlier on.
https://www.wsj.com/articles/ceos-dad-gets-a-3-6-billion-stock-windfall-at-carvana-11631791801 https://www.wsj.com/articles/ceos-dad-gets-a-3-6-billion-sto...
- drumhead 4y agoThere's a saying on Wall Street, if the ducks quack, feed them. Investors lost their mind again with the internet and started valuing any old rubbish at astronomical values.....again. but it's not uncommon, and if it wasn't the internet it would have been something else, like Crypto for example. I'm sure we'll see internet bubble mk3 at some point in the next 10-15 years.