Paul Allen, Microsoft co-founder loses $7 billion on Charter Cable

Its seems that Mr. Allen thought cable was the future but now the Charter Communications chairman who holds a 51% stake in the company has stock valued at 8 cents a share.  But then the company hasn’t been profitable since 1999 the year it went public.  Any day now, I expect to hear that its filing for chapter 11.

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Tags: Charter Communications, Linkedin, Microsoft, Paul Allen