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The Tragic Fall of Forbes | How A Great American Company Fell into the Hands of China
Forbes, once a beacon of hope and prosperity, was a shining example of the American dream. From offering inspiring stories about entrepreneurs to their list of the richest Americans. It quickly gained iconic status as one of the most reputable business publications in the world. But then, they made a series of wrong moves that started undoing all they had achieved. They lost their reputation and relevancy, lost over half of their subscribers and readership, and since 2014, fell into the hands of a Chinese controlled company that now has a 95% controlling ownership stake in this once prized American jewel while the average inspiring American entrepreneur is none the wiser.
What exactly happened to Forbes? How did the iconic American company fall from grace into the de facto hands of the CCP? This is the story of the tragic fall of Forbes.
Chapters:
0:00 - Prologue
2:00 - Triumphant Rise & Disastrous Fall
3:25 - Laundering Reputations
6:58 - Chinese Investors
8:59 - New Business Rules
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This video contains copyrighted material, the use of which has not always been specifically authorized by the copyright owner. The use of this video and copyrighted material contained in it is for the purpose of commentary, criticism, news reporting, parodying, research, teaching or scholarship, all of which fall within the "Fair Use" doctrine of section 107 of the United States Copyright Law. No copyright infringement intended. We have no intention to convey harm, spread hate or any other ill connotations to anyone. Additionally, we do our best to always be respectful of others, and any perceived "negative" comments made are done so as a joke or with light hearted humor. We are not journalists, financial advisors or medical professionals and all of the information should be seen as entertainment. Any questions feel free to email us.
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