In 2018, Crocs were the internet's biggest meme.
— Andrej (@AndrejDrats) May 23, 2025
Mocked relentlessly. $200M in debt. Closing their last stores.
Then CEO Andrew Rees made ONE last desperate move no one had ever tried before.
Today, they're worth $10B+
Here's how the world's ugliest shoe conquered everyone:🧵 pic.twitter.com/JEvGxL8rog
Interesting business stuff as the IPO and merger world evolves in a brave new world
https://www.semafor.com/newsletter/09/08/2026/semafor-business-the-taxman-cometh?utm_source=headernewsletterlink&utm...

