Billionaire tweets after losing $ 41 million on the stock market


A Japanese billionaire said on Twitter that he lost 4.4 billion yen ($ 41.4 million) trading stocks amid the volatile swings triggered by the pandemic.

In a tweet titled “Deep Regrets,” Yusaku Maezawa, founder and former CEO of online fashion retailer Zozo Inc., said he lost money through day trading – a practice he failed to do. control. He expressed regret for the amount he had lost and vowed to get it back through his business.

“I was blinded by virus-induced market swings and lost 4.4 billion yen due to repeated short-term trading in stocks, which I was not familiar with,” he said. Maezawa said in Sunday’s tweet. “With 4.4 billion yen, how much could people have given and saved money? There is no end to this regret. “

Maezawa, whose net worth has fallen from around $ 215 million this year to $ 3.5 billion according to data compiled by Bloomberg, is well known for her stunts on Twitter. Earlier this year, Maezawa said he was looking for candidates to be his companion on his planned trip to the moon aboard Elon Musk’s rocket in 2023. He abandoned the plan after facing backlash. negative about the process.

Followers showed mixed responses to his latest stock trading tweet, with some showing sympathy and others expressing admiration at the scale of the losses.

This story was posted from an agency feed with no text editing. Only the title has been changed.

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