Artist David Choe says he took Facebook stock over $60,000 because he believed in Sean Parker, a bet that reportedly turned into $200,000,000
“It was $60,000. Which you know in 2005 was a lot of money. People don't remember, Facebook was a joke. My prices had been going up higher and higher and I was like if you want me to paint the entire building it's gonna be 60 grand”
“And Sean, he's a skinny nerdy kid and he's like, ‘I'm gonna go raise money for Facebook. I'm gonna bend these fuckers minds.’ And he transformed himself into an alpha male. He got a super sharp haircut, started working out every day, got tan, got a nice suit. I'm like, this guy's crazy”
“He got the money. I was there when he got the money from the PayPal dude. He's like, ‘We got money now. You want cash or you want stock?’”
“And I was like, Oh fuck, I definitely need 60 grand right now. But I like to gamble. I believed in Sean. I didn't care about Facebook. I was like, this kid knows something and I'm gonna bet my money on him”
Gaming is getting way too expensive, and even Xbox says the industry has a problem.
Xbox CEO Asha Sharma recently said gaming is facing an “accessibility crisis” as more people are being priced out. Consoles cost more, PC parts are expensive, games now sell for $70 or even $80, and subscription prices keep rising.
As a result, many players are buying fewer games, waiting for sales, or sticking with older titles, The whole industry is dealing with rising costs and finding new ways to make money.
Valve has announced the pricing for the new Steam Machine.
>512GB model: $1,049
>2TB model: $1,349
Valve says the hardware is being sold close to cost rather than at a loss like traditional consoles.
Reservations are now open, with the Steam Machine set to launch on June 29.