Movie director loses millions on options and crypto using Netflix money.

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Netflix gives a director $55 million dollars to produce a series. He blows most of it and begins acting erratic.

He proceeds to put $11 million in his personal Charles Schwab account and loses it all in $5.9 million in a couple weeks trading Gilead Sciences.

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He then goes and puts $4 million in Kraken to buy DogeCoin. However, unlike his stock investments, he liquidates his position for nearly $27 million.

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Wife then divorces him, he sues netflix, they are currently in arbitration.

What a wild ride.

www.nytimes.com/2023/11/22/business/carl-rinsch-netflix-conquest.html

h/t stockocean

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