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Published · transcript-backed

David Rosenthal: uncertainty

16 Jul 2020 Acquired Pinduoduo

“I don’t know if Lei worked full time at Google, but I know he interned at Google together, then they worked on the first company and all the companies all along.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
uncertainty
Recorded
16 Jul 2020
Publisher
Acquired
Episode
Pinduoduo

Transcript context

…He’s after Bill and Warren. Yeah. He’s gunning for them. His old mentors. On July, 1 in a surprise announcement, he announced that he was going to step down as CEO, remain as Chairman of Pinduoduo, and hand the CEO role over to his co-founder and CTO, Lei Chen, who had been with him since the first company. They were actually grad students at Wisconsin together. I don’t know if Lei worked full time at Google, but I know he interned at Google together, then they worked on the first company and all the companies all along. Very interesting what’s going on now. Yeah, it’s fascinating. Wait, David, you got to answer that question. How, if they were losing all this money, did they manage to preserve so much ownership of the company?…

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