DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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So FTX collapsed, wiping out $32B.
FTT, the token of FTX, is now worthless.
Millions of customers lost billions of dollars.
Big time investors lost money, pride and face.
Sam Bankman-Fried went from $16B to 0 in record time.
Somehow he still has the money to pay for some kick-ass lawyers who managed to get him out of the hell-hole jail in the Bahamas and home in time for christmas with his family.
And while all these were unfolding, SBF somehow still manages to go on a world tour, speaking to every media possible.
From small podcasts to big news media, he took every and any interview opportunity possible.
Makes you wonder.
Why is SBF going on a crazy, unhinged media tour?
The New York Times.
Good Morning America.
New York Magazine.
Axios.
The Scoop.
Why is he speaking to so many media and doing so many interviews?
Typically, the textbook thing to do right after you get caught or made a grave mistake so publicly, is to hunker down and shut up.
Nobody goes head on with the media and start giving interviews like celebrities on the red carpet during opening night.
You might contradict yourself or worse, provide the ammo needed to perjure yourself.
You know, I am starting to think that SBF’s media tour was more strategic than apologetic.
Perhaps he was trying to reframe things using the media.
He was attempting to spray reasonable doubt all over his case.
Underlying all his interviews was the notion that he was genuinely UNAWARE of the bad things that were happening at FTX.
That he didn’t know there was comingling of funds.
That he didn’t do any proper risk management.
That he didn’t spend more time paying attention to what’s happening.
Perhaps he was building a case for being ignorant or negligent instead of deliberately defrauding investors, which is the nuclear bomb of a criminal charge.
Sadly, as the CEO of Alameda Research, Caroline might be punished quite heavily, if it was proven that they used FTX customer deposits for their unhinged gambling.
Was SBF trying to make her the scapegoat indirectly?
Was SBF evil?
Or just plain negligent?
Perhaps he was under the influence of some powerful drugs that made him do weird stuff?
Perhaps he started out a saint but fame got to his head?
Perhaps the media and everyone else went overboard and started incessantly propping him up as the golden boy of crypto?
What was his real intention behind this massive fraud and scam that took years to engineer and execute?
How much blame should be attributed to his posse of cofounders and investors who encouraged and enabled him?
-
Should SBF have spoken to the media after the FTX collapse?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sbf #sambankmanfried #hatedperson2022 #ftx #scam #ftt #berniemadoff #elizabethholmes #theranos #year2022
So FTX collapsed, wiping out $32B.
FTT, the token of FTX, is now worthless.
Millions of customers lost billions of dollars.
Big time investors lost money, pride and face.
Sam Bankman-Fried went from $16B to 0 in record time.
Somehow he still has the money to pay for some kick-ass lawyers who managed to get him out of the hell-hole jail in the Bahamas and home in time for christmas with his family.
And while all these were unfolding, SBF somehow still manages to go on a world tour, speaking to every media possible.
From small podcasts to big news media, he took every and any interview opportunity possible.
Makes you wonder.
Why is SBF going on a crazy, unhinged media tour?
The New York Times.
Good Morning America.
New York Magazine.
Axios.
The Scoop.
Why is he speaking to so many media and doing so many interviews?
Typically, the textbook thing to do right after you get caught or made a grave mistake so publicly, is to hunker down and shut up.
Nobody goes head on with the media and start giving interviews like celebrities on the red carpet during opening night.
You might contradict yourself or worse, provide the ammo needed to perjure yourself.
You know, I am starting to think that SBF’s media tour was more strategic than apologetic.
Perhaps he was trying to reframe things using the media.
He was attempting to spray reasonable doubt all over his case.
Underlying all his interviews was the notion that he was genuinely UNAWARE of the bad things that were happening at FTX.
That he didn’t know there was comingling of funds.
That he didn’t do any proper risk management.
That he didn’t spend more time paying attention to what’s happening.
Perhaps he was building a case for being ignorant or negligent instead of deliberately defrauding investors, which is the nuclear bomb of a criminal charge.
Sadly, as the CEO of Alameda Research, Caroline might be punished quite heavily, if it was proven that they used FTX customer deposits for their unhinged gambling.
Was SBF trying to make her the scapegoat indirectly?
Was SBF evil?
Or just plain negligent?
Perhaps he was under the influence of some powerful drugs that made him do weird stuff?
Perhaps he started out a saint but fame got to his head?
Perhaps the media and everyone else went overboard and started incessantly propping him up as the golden boy of crypto?
What was his real intention behind this massive fraud and scam that took years to engineer and execute?
How much blame should be attributed to his posse of cofounders and investors who encouraged and enabled him?
-
Should SBF have spoken to the media after the FTX collapse?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sbf #sambankmanfried #hatedperson2022 #ftx #scam #ftt #berniemadoff #elizabethholmes #theranos #year2022
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