Investing Power Hour #60: $NVDA AI Bubble; $BBBY Post Mortem; Icahn vs. Ackman
Chit Chat Stocks
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The Rise and Fall of Amazon
The buyback throughout this time was basically just propping up the stock so that executives could receive their stock grants, receive their options, and sell them. By 2019, activist investors stepped in, three different big activist investors, and were able to remove both the founders and the CEO. After they came in, they took on an additional $2 billion in debt. They had a rough 2019 Christmas season, and then right after, as everyone knows, COVID hit.
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