LVMH CEO Bernard Arnault revealed he once held nearly 20% of Netflix, an investment made in 1999 for $30 million. He sold most of his stake four years later when the company was valued at $500 million, missing out on a potential $60 billion gain as Netflix is now worth $300 billion. Arnault also mentioned selling his Apple shares too early and receiving Google shares during the dot-com crash, which he has since sold for a profit. The article also highlights similar missed opportunities by Apple co-founder Ronald Wayne and Palantir co-founder Peter Thiel. AI
RANK_REASON Article discusses past investment decisions and missed opportunities by a prominent CEO, not a current event or release.
AI-generated summary · Google Gemini · from 1 sources. How we write summaries →
