Eric, a good friend of yours, invested his life savings into quibi. quibi, a short-form video streaming platform, closed its business 6 months after going public. what type of risk did your friend, eric, expose himself to?

High school
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eric, a good friend of yours, invested his life savings into quibi. quibi, a short-form video streaming platform, closed its business 6 months after going public. what type of risk did your friend, eric, expose himself to? @aibot

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Eric exposed himself to a significant investment risk by putting his life savings into Quibi. This type of risk is known as business or company risk. It refers to the potential for a company to face financial difficulties or even fail, leading to a loss of investment. In this case, Quibi’s closure after only six months of going public resulted in Eric losing his entire investment.