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Netflix Gave An Unproven Director $55 Million For A Sci-Fi Series, And He Blew It On Rolls-Royces, Crypto, And Dodgy Stock Bets (jalopnik.com)

submitted 1 year ago by ElfWord@lemmy.world to c/television@lemmy.world

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[–] Touching_Grass@lemmy.world 70 points 1 year ago (1 children)

When Netflix acquiesced and wired the money, Rinsch sent most of it directly to his personal Charles Schwab account, and made big bets on biotech firm Gilead Sciences, and on shorting the S&P 500 index. In just a few weeks he’d lost $5.9 million. Cutting his losses, Rinsch pulled $4 million from his Schwab account and put it directly into Dogecoin. Wow, such invest.

Hahaha they gave $millions to a guy from r/wallstreetbets

[–] 50MYT@aussie.zone 6 points 1 year ago (2 children)

He turned the $4m doge into like $17m didn't he?

[–] gnurd@sh.itjust.works 15 points 1 year ago (1 children)

$27m actually lol.

[–] 50MYT@aussie.zone 4 points 1 year ago

Perfect. Haha

[–] PoliticalAgitator@lemm.ee 14 points 1 year ago

I don't know, but that would mean he was luckier, not less stupid.