Logically Answered | The Man Who Nearly Bought Netflix Is Now Wanted For Running A Ponzi @LogicallyAnswered | Uploaded May 2023 | Updated October 2024, 2 hours ago.
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Carl Icahn is one of the most infamous corporate raiders of all time. He would casually make hostile bids to take over Fortune 100 and even Fortune 10 companies throughout the 80s and 90. Once he got his hands on these companies, he would gut them by eliminating everything that didn’t make a profit and selling off the remaining assets. This practice would absolutely destroy the company and the people who worked there, but for Icahn and his investors, this was quite lucrative and profitable. But, ever since the turn of the century, corporate raiding hasn’t been nearly as popular. In fact, corporate raiding has completely disappeared into oblivion aside from a few exceptions like Twitter. Icahn himself has taken a step back from raiding. In late 2012, for example, he purchased a 10% stake in Netflix but he never raised this to a controlling stake like he usually would. There have also been accusations recently that Icahn may have been running a Ponzi scheme with his investors in recent history. This video explains the rise and fall of prolific investor and corporate raider: Carl Icahn

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Timestamps:
0:00 - The Netflix Deal
3:41 - Carl Icahn
6:54 - A New Practice
10:15 - The Big Leagues
13:30 - Companies Fight Back
16:48 - A New Controversy

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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