They say hindsight is 20/20 and never has it been more clear in this case that the Fyre Festival would have been a more successful investment over Republic Airlines (RJETQ) over the last 6 months. At least I could have left with a story, one of those shitty cheese sandwiches, and slept in a hut from Star Wars while listening to the screams of the rich murdering each other outside it.
For those not in the loop, Republic is a prior investment which wiped out shareholder equity in bankruptcy. The Fyre Festival was a Bahamas concert vacation that hired someone who clearly didn’t manage their timelines well because a concert vacation that was supposed to have bands and beds didn’t have any bands or beds.
Speaking of the cheese sandwich, I read somewhere that it was food for the staff (serfs) and the riches got that pic on the right. To me it doesn’t look much better, just the same stuff blended with a roll. The saving grace is that at least they gave them some food before they fucked them, like a proper person. Republic just bent everyone over and read them a document that effectively lit their money on fyre.
Even crazier I heard through the internet that United passenger who lost the MMA fight was actually bumped for Republic crew. I wonder if they have to share some of the cost of the settlement. Link below.
Point of this article is that they always say to buy low and Fyre has to be at its lowest. When I hear about an opportunity to invest in round 2, I’m def going to acquyre.