Leon Skum buys majority share, takes over Chipper
The popular social media platform Chipper has been bought by Leon Skum, a self-made tech tycoon who has a reputation for being ruthless in business.
Skum, who is worth an estimated $20 billion, made his fortune in the early days of the internet by investing in a number of successful startups.
He is known for his aggressive business tactics and has been involved in a number of high-profile takeovers.
In a statement, Skum said he was “excited” about the acquisition and that Chipper would be a “great addition” to his portfolio.
“We plan to invest heavily in the platform and grow it into a global powerhouse,” he said.
Chipper was founded in 2014 and has become popular for its simple design and user-friendly interface.
It has more than 10 million active users and is one of the fastest-growing social media platforms.
The company’s co-founder and CEO, Ryan Perry, will stay on as president and will report to Skum.
Perry said in a statement that he was “thrilled” to be joining forces with Skum.
“This is an amazing opportunity for Chipper to reach new heights,” he said.
Background & Comments
This is a reference to current events that are unfolding in April 2022, but you have to rearrange the words in the Leon Skum a bit to guess what it is about.
I wanted to try a news article without actual names and references, and this is the first thing that came to mind. I do like the now kind-of-classic unicorn discovery in the Andes Mountains better though!