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Rise And Fall

All articles tagged with #rise and fall

business2 years ago•6 min saved

The Enigmatic Journey of Beanie Babies Ty Warner: From Dropout to Disappearance

Ty Warner, the billionaire behind Beanie Babies, went from dropping out of college and working odd jobs to becoming a business icon. He created his own line of beanbag-like animals, Beanie Babies, and implemented a marketing strategy of scarcity, which led to a whirlwind craze in the 1990s. However, Warner's greed eventually caught up with him, as he stashed millions in Swiss bank accounts and was ordered to pay back over $53 million for tax evasion. Today, he is a recluse but still revered for his entrepreneurship.

via Daily Mail|

#beanie-babies #business #entrepreneurship

entertainment2 years ago•2 min saved

"The Beanie Bubble: A Nostalgic Bust or Worth the Watch?"

"The Beanie Bubble" is a new Apple TV+ movie that nostalgically looks back at the rise and fall of the Beanie Babies plush-toy craze in the 1980s and '90s. The film, based on a book by Zac Bissonnette, tells the story from the perspectives of three women connected to Ty Warner, the founder of the company behind Beanie Babies. While taking liberties with the truth, the movie explores the improbable rise of Beanie Babies as a billion-dollar enterprise before its sudden downfall. Despite its satirical tone, "The Beanie Bubble" plays things pretty straight, with Zach Galifianakis portraying Warner as a self-absorbed narcissist. The film is part of a trend of nostalgic pop-culture stories in the streaming age.

via CNN|

#apple-tv #beanie-babies #entertainment