Keurig Founder Loses $144M In Minutes As Shares Crash

“The fortune of Keruig Green Mountain’s founder Robert Stiller fell off a cliff along with the company’s stock on Wednesday, on the back of sinking earnings and plummeting sales. Stiller saw the value of his shares in the beleaguered company drop a stunning $143.9 million in minutes as afterhours traders sold the stock en masse.  Stiller, who hasn’t been a billionaire since May 15 when shares in Keurig Green Mountain fell below $100, saw the value of his stock drop 27% in afterhours trading, after investors were disappointed with the company’s earnings. Declining sales for their K-cup coffee pods and coffee machines, along with shrinking profits did the trick.”

http://www.forbes.com/sites/afontevecchia/2015/08/05/keurig-green-mountains-founder-losses-144m-in-minutes-as-shares-come-crashing-down/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin