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Someone on twitter succinctly described the situation by saying, “ I think a lot of stadiums are gonna have to change their names over the next few years.”
by Flatcircle 4y ago
Someone on twitter succinctly described the situation by saying, “ I think a lot of stadiums are gonna have to change their names over the next few years.”
- thriftwy 4y agoExplanation corps help requested.
- myth_drannon 4y agoLA’s Staples Center renamed Crypto.com Arena
- HideousKojima 4y agoThe Staples Center in L.A. Is being renamed the Crypto.com Arena or something like that, I'm not aware of any other crypto companies paying to have sports stadiums named after them though.
- clpm4j 4y agoFTX Arena in Miami
- deleted 4y ago[deleted]
- avrionov 4y agoCrypto companies put their names on stadiums. If they go bankrupt the names will have to change.
- wmf 4y agoA startup named Crypto.com bought naming rights to the Staples Center in Los Angeles and renamed it to Crypto.com Arena. If Crypto.com goes out of business maybe the building will get renamed again.
- mikeyouse 4y agoCoinbase also had their name/logo all over the NBA Finals - both in TV ads as well as branding and logos physically on the courts. Millions of dollars in ad spend while they are laying off swaths of their staff..
- mbreese 4y agoIt looks bad now, but really, when those contracts were signed (and paid for), layoffs seemed like an impossibility. And once those were deals are finalized, it’s not something that you can really pull back from. Sadly, all it serves to do now is remind potential customers of how bad things are right now for Crypto. It a bad look, and I feel for everyone affected by the layoffs. But this isn’t a decision Coinbase made two weeks ago.
- rurp 4y ago> when those contracts were signed (and paid for), layoffs seemed like an impossibility. The decision makers at Coinbase might have thought so, but they were clearly wrong. A massive crypto collapse is probably the most predictable financial crash in decades.
- kshacker 4y agoDo they prepay 10 years of naming rights? Or is the city obliged to find a new namer asap if a bankruptcy happens?
- crankyeggplant 4y agoThere's also FTX Arena, which is where the Miami Heat of the NBA play.
- deleted 4y ago[deleted]
- arcticbull 4y agoWashington Nationals Park is plastered in Terra/Luna collateral. [1] [1] https://www.bloomberg.com/news/newsletters/2022-05-19/terra-s-luna-ust-field-of-dreams-is-washington-nationals-crypto-nightmare https://www.bloomberg.com/news/newsletters/2022-05-19/terra-...
- reaperducer 4y agoI've got an Enron Field hat around here somewhere.
- iancmceachern 4y agoIt's likely worth quite a bit. I was intrigued recently by the seemingly hot collectors market for corporate swag from famous failures like theranos, enron, etc. on ebay.
- walrus01 4y agoI've got an Enron Broadband fiber map PDF for the entire western USA.
- moffkalast 4y agoZing
- _jal 4y agoDid anyone ever "mint" any Beanie Baby NFTs? That would have been funny.
- SV_BubbleTime 4y agoI’m sure there are some Tulips out there somewhere.