‘Deep Regrets’: Billionaire tweets after shedding $41 million in inventory buying and selling


A Japanese billionaire stated on Twitter that he had misplaced 4.Four billion yen ($41.Four million) by buying and selling shares amid risky swings triggered by the pandemic.

In a tweet titled “Deep Regrets,” Yusaku Maezawa, founder and former chief govt of on-line trend retailer Zozo Inc., stated he misplaced cash via day buying and selling — a follow he has did not grasp. He expressed remorse over the sum he had misplaced and vowed to get better it via his enterprise.

“I used to be blinded by the virus-driven market swings and misplaced 4.Four billion yen via repeated short-term buying and selling of shares, one thing I haven’t familiarized myself with,” Maezawa stated within the Sunday tweet. “With 4.Four billion yen, how many individuals might the cash have been given out to and saved? There’s no finish to this remorse.”

Maezawa, whose internet price dropped by about $215 million this 12 months to $3.5 billion in keeping with Bloomberg-compiled information, is well-known for pulling stunts on Twitter. Earlier this 12 months, Maezawa stated he’s on the lookout for feminine candidates to be his companion on his deliberate journey to the moon on Elon Musk’s rocket in 2023. He scrapped the plan after dealing with backlash over the method.

Followers have proven combined responses to his newest tweet on inventory buying and selling, with some exhibiting sympathy and a few expressing awe over the extent of the losses.

This story has been printed from a wire company feed with out modifications to the textual content. Solely the headline has been modified.

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