I’m not saying it’s a fraud. Far from it, but this kid is too young to run a public company and every interview concentrates on his lack of education but did well at Wells Fargo.
Who cares!
He’s not running a bank now! Is he. I don’t care that his mother still cleans houses (if he’s made all this money why hasn’t he retired her?) I don’t care that his dad’s still a contractor (how come he’s not been retired as well?).
What I want to know is if the app has been around for several years, and is so profitable, I want to know why he hasn’t moved into all these highly profitable areas until now and where is the money coming from to pay for the license applications as he’s clearly not paying for them himself out of existing revenues.
What puzzles me is the fact that this app has been live for quite some time, he’s clearly seen how profitable online gaming is yet is only adding it now. Denise Coates CEO of Betfair in the UK paid a performance related salary. Last year she was paid £422m with dividends of £48m.
I want to see some revenue numbers. I want to know why he hasn’t applied for all these licenses already out of existing revenues.
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