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The Times should be deeply embarrassed by that article. SBF is equal parts Bernie Madoff and Elizabeth Holmes but the Times is trying to paint him as an unluck
by nostromo 4y ago
The Times should be deeply embarrassed by that article.
SBF is equal parts Bernie Madoff and Elizabeth Holmes but the Times is trying to paint him as an unlucky entrepreneur, down on his luck. The author doesn't even seem to understand that he stole billions from his customers to try and paper over losses from his trading.
- memish 4y agoTheir coverage generally doesn't seem to understand it. Anything notable missing here? From their "Here’s What to Know" page https://www.nytimes.com/2022/11/10/technology/ftx-binance-crypto-explained.html https://www.nytimes.com/2022/11/10/technology/ftx-binance-cr... The Aftermath of FTX’s Downfall The sudden collapse of the cryptocurrency exchange has left the crypto industry stunned. Crackdown Begins: Regulators are moving to freeze parts of FTX’s business, while other divisions file for insolvency or prepare to halt operations. Here’s what’s next for the company. https://www.nytimes.com/2022/11/11/business/dealbook/ftx-sbf-regulators-crypto-bahamas.html https://www.nytimes.com/2022/11/11/business/dealbook/ftx-sbf... Investors Under Scrutiny: Venture capital firms and investment funds showered nearly $2 billion on FTX with few strings attached. Now, they are facing questions, too. https://www.nytimes.com/2022/11/11/technology/ftx-investors-venture-capital.html https://www.nytimes.com/2022/11/11/technology/ftx-investors-... ‘Effective Altruism’: The fall of FTX dealt a significant blow to the philanthropy movement that is deeply tied to the company’s founder, Sam Bankman-Fried. https://www.nytimes.com/2022/11/13/business/ftx-effective-altruism.html https://www.nytimes.com/2022/11/13/business/ftx-effective-al... Sports Sponsorships: From the naming rights for an N.B.A. arena to patches on M.L.B. umpires’ uniforms, FTX’s collapse puts sponsorship deals worth hundreds of millions of dollars in doubt. https://www.nytimes.com/2022/11/10/business/ftx-sports-sponsorships.html https://www.nytimes.com/2022/11/10/business/ftx-sports-spons...
- next_xibalba 4y agoThe WSJ has a much more cleared eyed take on SBF/FTX: https://archive.ph/B2t1F https://archive.ph/B2t1F