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What? They bought shares in a company that went to zero, they lost all the money. The only way their investment is worth anything is if every single FTX custome
by drexlspivey 4y ago
What? They bought shares in a company that went to zero, they lost all the money. The only way their investment is worth anything is if every single FTX customer gets their money back because in a liquidation lenders get paid first before equity investors.
- burkaman 4y agoYes, but the actual people involved, the employees of Sequoia, did not lose anything. I guess the word "lose" is ambiguous here, but I mean that they will not be personally affected by this failure.