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this post was submitted on 04 Dec 2023
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Asklemmy
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The January 2nd Powerball draw was not won by anyone and paid $39M.
That's plenty of seed money to invest in Google, Bitcoin, et al with perfect knowledge of stock trends. Even if it's only short term knowledge due to breaking from the original timeline, you could easily grow your investment into the billions overnight.
Perhaps the most amazing stock of the year was Xcelera.com, formerly known as Scandinavia. Once a closed-end fund specializing in Scandinavian stocks, and then an operating company that owned a hotel in the Canary Islands, it made a small investment in an Internet company last year. Before it disclosed that investment, the family of Alexander Vik, the company's chief executive, was given options to buy a million shares of stock, at a price of $3.25 each. The shares ended 1998 at $3.75, or $1.25 adjusted for two subsequent splits. They ended 1999 at $139.50, an increase of 11,060 percent. The Viks' option position is now valued at $415 million.