A special celebratory July 4 story !
Remembering that he burnt through $US50 million to get there
High Stakes DB reports ( because we presume nobody else will)
— Dan Bilzerian (@DanBilzerian) July 1, 2021
A Forbes magazine report stated: “Ignite cash went to pay salaries, licensing fees, business expenses, and travel expenses for companies ‘owned by the CEO,’ according to the report.”
That basically meant that Bilzerian had used investor’s cash as a cover-all for his extravagant lifestyle, and this week’s tweet may have been designed to provide reassurance to those who pumped money into his CBD venture.
It didn’t seem to have the desired effect, though, as the replies were scathing;
- “Revenues of $10m? You have 32m Instagram followers and can’t even get 30 cents out of each of them? Even if you convert 4% of your Instagram followers, you are still struggling to even get $10 out of each of them. Your marketing is whack bruv. No hate, just facts.”
- “When you think you can manipulate your own stocks but you’re not Elon Musk…”
- “10m with expense of 120m”
Haters gonna hate, of course, but only time will tell if Dan needs to get back to crushing the highstakes poker tables to bail out his new baby!