{"id":87861,"date":"2026-10-15T09:06:15","date_gmt":"2026-10-15T09:06:15","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=87861"},"modified":"2026-10-15T09:06:15","modified_gmt":"2026-10-15T09:06:15","slug":"he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=87861","title":{"rendered":"He Bought a Nearly Bankrupt Company From Warren Buffett for $1,000 and Turned It Into a $98 Billion Giant"},"content":{"rendered":"<p><img loading=\"lazy\" width=\"768\" height=\"432\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2026\/10\/he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant-768x432.png\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"\" decoding=\"async\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/10\/he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant-300x169.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/10\/he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant-1024x576.png 1024w, https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2026\/10\/he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant-768x432.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/10\/he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant-190x107.png 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/10\/he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant-380x214.png 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/10\/he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant-760x428.png 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/10\/he-bought-a-nearly-bankrupt-company-from-warren-buffett-for-1000-and-turned-it-into-a-98-billion-giant.png 1280w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\">In 1997, Intercontinental Exchange founder and CEO Jeffrey Sprecher bought the near-bankrupt Continental Power Exchange from Warren Buffett\u2019s utility, MidAmerican Energy, for $1,000 and assumed its debt. ICE was founded in 2000 and later bought NYSE Euronext in 2013, making it the owner of the New York Stock Exchange; as of January 2026, ICE\u2019s market [\u2026]<\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 1997, Intercontinental Exchange founder and CEO Jeffrey Sprecher bought the near-bankrupt Continental Power Exchange from Warren Buffett\u2019s utility, MidAmerican Energy, for $1,000 and assumed its debt. ICE was founded in 2000 and later bought NYSE Euronext in 2013, making it the owner of the New York Stock Exchange; as of January 2026, ICE\u2019s market [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":87862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-87861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/87861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87861"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/87861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/87862"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}