Peter Thiel-Backed Stock Crashes 50% After ‘Superhuman Sports’ Dream Collapsed
BeInCrypto
Shares of the Peter Thiel-backed Enhanced Games plummeted 50% after the event failed to produce significant world records as promised.Summary
The Enhanced Games, a venture-backed sports competition that encouraged performance-enhancing drug use to break human limits, saw its stock (ENHA) crash by 50% following a disappointing Las Vegas debut. Despite significant investment and the promise of shattered records, the event resulted in only one unofficial world record, with clean athletes even outperforming those using substances. The market reaction resulted in an $800 million loss in value, casting doubt on the future of the project.
(Source：BeInCrypto)