"CEOs make so much money because only a few people have the skill to make such important decisions."
CEO: loses $1.6 billion
“CEOs make so much money because only a few people have the skill to make such important decisions.”
CEO: loses $1.6 billion
CEO: most likely to get a golden parachute while everyone at the bottom drowns on their behalf.
The title is (begrudgingly) misleading:
In 2018, Binance put $3 million into Luna and received 15 million tokens in return. At Luna’s price peak in April, those tokens were worth $1.6 billion, Binance’s CEO Changpeng Zhao said in a Monday tweet. At Luna’s price now, the tokens are worth about $2,391.
Unfortunately, Binance only lost $3 million in actual money. The $1.6 billion figure is only if they had known to sell at the peak (which would have lowered the value anyway).
Whoever turned 3million dollars into 1billion+ and didn't sell that shit is a complete and total moron.
They couldn't sell, that wouldn't have been billions anymore then.
so for every dumb fuck thinking theyre raking in the dough and conning other people into joining them, they basially lost 1.6b
