Armstrong says Uber investment saved his family

Lance Armstrong did not reveal how much his investment in Uber was currently worth

Lance Armstrong did not reveal how much his investment in Uber was currently worth

Armstrong, who was stripped of his seven Tour de France titles and banned for life from the sport for doping, told CNBC he gave $100,000 (£78,000) to a venture capital fund that invested in the company around 2009.

"That isn't the issue for people". The issue is how I so aggressively defended myself. I mean, it's fraud, betrayal, feeling complicit, all of these things that we know people felt. I'm kind of sick of lying.

Since permanently pumping the brakes on his cycling career, Armstrong, meanwhile, has agreed to pay the Justice Department $5 million to settle a lawsuit alleging his own PED use "resulted in the submission of millions of dollars in false claims for sponsorship payments to the U.S. Postal Service", which sponsored his team during the Tour de France.

"It's saved our family", Armstrong says of that $100,000 bet. Armstrong said the bulk of the money went to Uber, which at the time was valued at just $3.7 million.

When asked if he had made "10, 20, 30, 40 or $50 million", Armstrong added: "It's one of those".

"It's one of those". "I didn't even know he did Uber".

An Amazon Go Stores May Be Coming to An Airport Near You
Public records requests to several other airports revealed that " Amazon is evaluating top USA airports for new locations". Even if Amazon does pursue an airport launch, it would have to outbid competing companies to become a concessionaire.

"I'm thinking to myself, 'This guy has a huge personality but he's also very smart and very well connected.' So I invested in Chris Sacca. Why not?'" Armstrong recalls.

Armstrong's bonanza was a giant stroke of luck after he received a phone call from former Google employee and now billionaire investor Chris Sacca. "I thought he was buying up a bunch of Twitter shares from employees or former employees, and the biggest investment in [the] Lowercase fund one was Uber".

Lance Armstrong did not reveal how much his investment in Uber was now worth.

Elsewhere during the interview, Armstrong shot back at President Trump's criticism of him in 2012 for financially harming himself as a result of the doping scandal.

Lance Armstrong has expressed his frustration about Alex Rodriguez, who supposedly cheated on Jennifer Lopez, and wonders why everyone doesn't hate him.

Recommended News

  • DOJ: Trump directed illegal payments during campaign

    DOJ: Trump directed illegal payments during campaign

    He's pardoned Joe Arpaio, the former Arizona sheriff who was convicted of criminal contempt for disobeying a judge's order, and I. Lewis "Scooter" Libby, a Bush administration official convicted of perjury and obstruction of justice in a leak case.
    Samsung announces new color variants for Galaxy Note9 and Galaxy S9+

    Samsung announces new color variants for Galaxy Note9 and Galaxy S9+

    The devices can be pre-ordered at Samsung Online Shop and across selected online platforms starting 7 December. Both of these devices come with really good offers from Samsung itself and a few banks who are their partner.
    Principal placed on leave for banning candy canes

    Principal placed on leave for banning candy canes

    Santa Claus, Christmas trees, Elf on the Shelf, reindeer , any red and green items and candy canes were also Grinched out. The district's policy says Christmas trees, Santa, Easter eggs and bunnies are considered 'secular, seasonal symbols'.
  • PC players can get a cheaper Black Ops 4 without zombies

    PC players can get a cheaper Black Ops 4 without zombies

    The next set of content releases for Call of Duty: Black Ops 4 begins on Tuesday, December 11 at 10AM PT on PlayStation 4. A new Call of Duty package is out that promises you more bang for your buck.
    USA  share indexes tumble as trade tensions continue following turbulent week

    USA share indexes tumble as trade tensions continue following turbulent week

    Stocks are edging higher in the early going on Wall Street as trading settles down following a wild ride the day before. Those worries took a turn for the worse this week with the US -ordered arrest of a senior Chinese technology executive.
    May's Brexit deal is best, says Rudd

    May's Brexit deal is best, says Rudd

    Hopefully they will have substantive talks, we have lots of ideas of the sorts of things they could do to improve were we are now. Speaking to the Mail on Sunday , the PM said a rejection of her proposals would mean "grave uncertainty" for the UK.
  • Kid Rock pays off layaway for 350 customers at Nashville Walmart

    Kid Rock pays off layaway for 350 customers at Nashville Walmart

    A manager at Walmart on Dickerson Road in Nashville confirmed to FOX 17 Kid Rock had paid $81,000 in layaway bills at the store. The items on lawaway are likely Christmas gifts since the store only offers the program during the holiday season, Meyer said.
    Oil producers join forces and cut production again

    Oil producers join forces and cut production again

    In order to put an end to crude oil prices, the organization of oil producing countries has agreed to cut the oil production. Following the announcement, Brent crude, the global standard, was up $2.79 a barrel, or 4.7 percent, at $62.85.
    United Kingdom  parliament vote on Brexit deal to go ahead on Tuesday: minister

    United Kingdom parliament vote on Brexit deal to go ahead on Tuesday: minister

    The Remain-supporting frontbencher said a so-called Norway-plus model was a "plausible" alternative. If there was another referendum, I think we're better off in'.
  • Jazz beat Rockets to keep hot streak going

    Jazz beat Rockets to keep hot streak going

    During the game, Gobert made a decision to hop on Instagram and show off the workout he was getting while his team was playing. James Harden paced the Rockets with 15 points but shot five of 16 from the floor and recorded seven turnovers.
    USMNT goalkeeper Zack Steffen completes $10m transfer to Manchester City

    USMNT goalkeeper Zack Steffen completes $10m transfer to Manchester City

    The 23-year-old has completed his medical with the Citizens and will pen his new contract on Thursday. Manchester City have reportedly tied up a deal to sign United States global goalkeeper Zack Steffen.
    Conor McGregor granted continuance in hearing regarding UFC 229 brawl

    Conor McGregor granted continuance in hearing regarding UFC 229 brawl

    Danis, Tukhugov and Abubakar are all now suspended by the Nevada commission as well, pending their own disciplinary hearings. McGregor and Khabib can not announce their next fight until their Nevada State Athletic Commission case has concluded.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.