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Haha they replaced the page entirely with a paragraph saying: > Update: November 9, 2022 A liquidity crunch has created solvency risk for FTX and its future is
by alpb 4y ago
Haha they replaced the page entirely with a paragraph saying:
> Update: November 9, 2022 A liquidity crunch has created solvency risk for FTX and its future is uncertain. Many have been affected by this unexpected turn of events. For Sequoia, our fiduciary responsibility is to our LPs. To that end, we shared this letter with them today regarding our investment in FTX. For FTX, we believe its fiduciary responsibility is first to its customers, and second to its shareholders. As such, FTX is exploring all opportunities to ensure its customers are able to recover their funds as quickly as possible.
- anshumankmr 4y agoSo are they walking back this statement? Not sure what they really achieved by deleting this puff piece. Everytime a puff piece is written and blows up spectacularly, it’s pretty much immortalized through the internet. The articles on Elizabeth Holmes come to mind or when someone declared M Night Shyamalan as the next Spielberg.