Here’s the real history of Techcrunch… Michael Arrington created Techcrunch. Then he created CrunchFund. Then he used Techcrunch to overhype things Crunchfund was investing in. Then a bunch of inexperienced daytraders made bad investments based on the hype he created. Then Michael Arrington sold his equity in the overhyped companies. Then the value of the publicly traded equity plummeted. Then the inexperienced daytraders lost all their money. Then Michael Arrington ate an ice cream sundae on his pile of money.
- unspinthenews posted this