Quote:
Originally Posted by Robbie
Did he really "lose" anything?
He already owned the company. So he was making whatever money it brings in.
Then he sold a shitload of stock at an inflated price and put that in the bank.
I don't see how he did anything but gain out of it.
Now the people who bought that stock...they have lost big time. But not MZ. He won.
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He did sell about $1 billion worth of shares so I doubt he is hurting for money but the stock he owns is tanking. He's worth $2.5 billion less right now than he was this morning.