The $4 Billion Tech-Shoe Collapse: How a Silicon Valley Darling Lost 99 Percent of Its Value |
The $4 Billion Tech-Shoe Collapse: How a Silicon Valley Darling Lost 99 Percent of Its Value
A one-time sensation is leaving the public markets as it’s scooped up for $39 million.
BY BRIAN CONTRERAS, STAFF WRITER @_B_CONTRERAS_
Gif: Inc.; Photos: Adobe Stock; Getty Images
Sneakerheads will pay hundreds of dollars for the right pair of kicks—but $39 million may be pushing it, even for them.
Not so for American Exchange Group, however. The portfolio company, which already owns........