Why did Pete Davidson have to perform in Saudi Arabia?

Pete Davidson had to perform at the Riyadh Comedy Festival in Saudi Arabia to try and recoup the massive losses from his investment in a decommissioned Staten Island ferry.

What did the New York Times say about Pete Davidson's ferry purchase?

According to the article, the New York Times called Pete Davidson and Colin Jost's purchase of a decommissioned Staten Island ferry a "money-losing fiasco."

How did Pete Davidson's ferry investment affect his career?

Pete Davidson's ill-fated ferry investment forced him to take on a controversial gig performing in Saudi Arabia, as he is losing millions on the venture.

Home / Arts and Entertainment / SNL Alum Crashes Weekend Update to Discuss Sinking Staten Island Ferry

SNL Alum Crashes Weekend Update to Discuss Sinking Staten Island Ferry

9 Nov

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Summary

Pete Davidson purchased a decommissioned Staten Island ferry in 2022
The ferry is reportedly a "money-losing fiasco" according to a New York Times article
Davidson had to perform in Saudi Arabia's Riyadh Comedy Festival to recoup ferry losses

SNL Alum Crashes Weekend Update to Discuss Sinking Staten Island Ferry

In a surprising move, former "Saturday Night Live" cast member Pete Davidson has crashed this week's edition of the show's Weekend Update segment to address his controversial investment in a decommissioned Staten Island ferry.

According to Davidson, the ferry purchase, which he and co-host Colin Jost made in 2022, has turned into a "money-losing fiasco." The New York Times recently reported on the failed venture, calling it a financial disaster.

To try and offset the massive losses, Davidson revealed that he had to perform at the Riyadh Comedy Festival in Saudi Arabia. "In case you're wondering why I had to do a show in Saudi Arabia... we're losing millions on this ferry," he joked during the segment.