Martin Shkreli raised the price of a 62 year-old drug, Daraprim, an anti-parasitic drug, from $13.50 a tablet to $750. Private equity at its finest. This occurred shortly after Shkreli won the auction for Wu-Tang Clan’s album, Once Upon A Time in Shaolin, where only a single copy was sold and the album could only be released publicly in the year 2103. Shkreli paid approximately $2 million for the rights.
Months later, Shkreli was arrested and subsequently convicted for securities fraud, sentenced to seven years in prison, and had to forfeit rights to the album as part of the sentencing. He was released in 2022 after 4 years.
That’s the way retail versus wholesale works. When Pepsi-Dr. Pepper starts selling to the mass market in small quantities at the wholesale prices, then that would be notable. And whether or not it’s actually profitable for the retailer depends on a multitude of factors related to the costs of selling the sodas. It should be profitable, but I doubt it’s 300% or anywhere near that.
MAGAts view Trump as a messiah; reasonable people (and no MAGAt is reasonable) just view Biden as the current and hopefully next President. MAGAts hero-worship, and worship is an all-too-true term, but they’re not smart enough to realize that others don’t view their politicians that way. We just want someone who will do the job (something Trump did not do at all, but Biden does, if not always to one’s liking). So much dumb-ass projection.
Martin Shkreli raised the price of a 62 year-old drug, Daraprim, an anti-parasitic drug, from $13.50 a tablet to $750. Private equity at its finest. This occurred shortly after Shkreli won the auction for Wu-Tang Clan’s album, Once Upon A Time in Shaolin, where only a single copy was sold and the album could only be released publicly in the year 2103. Shkreli paid approximately $2 million for the rights.
Months later, Shkreli was arrested and subsequently convicted for securities fraud, sentenced to seven years in prison, and had to forfeit rights to the album as part of the sentencing. He was released in 2022 after 4 years.