4 ms·

The Enron scandal would have been much more interesting if their CEO had tweeted through it.

encoderer 4y ago
same creative use of mark to market accounting but compared to FTX, Enron was fraud on difficult mode. They had to (attempt to) actually build things like power plants in India. FTX just yeeted tokens to bag holders based on fancy darkmode graphic design and a screwball haircut.
- xdavidliu 4y ago
  > FTX just yeeted ticker symbols to bag holders based on fancy darkmode graphic design and a screwball haircut. I understand the words in this sentence individually, but not the sentence in its entirety. Can anyone translate?
  - Aperocky 4y ago
    FTX gave out fancy worthless digital garbage in exchange for real cash from "investors"
  - dymk 4y ago
    > yeeted ticker symbols presented prices for worthless securities > to bag holders to now-defrauded clients of the FTX website > fancy darkmode graphic design a slick, sort of professional looking website > and a screwball haircut and a screwball haircut
    - oblio 4y ago
      Thank you, translator of slang.
  - bwi4 4y ago
    As a bag holder, I often find myself attracted to dark mode websites, where I make my purchase decision based on how I feel about the CEO's haircut.
- akira2501 4y ago
  > Enron was fraud on difficult mode. The citizens of California would highly disagree with that. In those cases, all they had to do was put plants into "maintenance" mode. Literally, do nothing, and profit. This doesn't even begin to cover how they encouraged their employees to put their retirement into the business. Enron wasn't one fraud.. it was several.
UncleOxidant 4y ago
He was probably too smart to incriminate himself like that.
HWR_14 4y ago
Their CEO melted down and disappeared. The old CEO had to step back in. His Twitter would just be sad. Although he did famously yell at (wall street) analysts on a quarterly earnings call right before he broke down.

same creative use of mark to market accounting but compared to FTX, Enron was fraud on difficult mode. They had to (attempt to) actually build things like power plants in India. FTX just yeeted tokens to bag holders based on fancy darkmode graphic design and a screwball haircut.

xdavidliu 4y ago
> FTX just yeeted ticker symbols to bag holders based on fancy darkmode graphic design and a screwball haircut. I understand the words in this sentence individually, but not the sentence in its entirety. Can anyone translate?
- Aperocky 4y ago
  FTX gave out fancy worthless digital garbage in exchange for real cash from "investors"
- dymk 4y ago
  > yeeted ticker symbols presented prices for worthless securities > to bag holders to now-defrauded clients of the FTX website > fancy darkmode graphic design a slick, sort of professional looking website > and a screwball haircut and a screwball haircut
  - oblio 4y ago
    Thank you, translator of slang.
- bwi4 4y ago
  As a bag holder, I often find myself attracted to dark mode websites, where I make my purchase decision based on how I feel about the CEO's haircut.
akira2501 4y ago
> Enron was fraud on difficult mode. The citizens of California would highly disagree with that. In those cases, all they had to do was put plants into "maintenance" mode. Literally, do nothing, and profit. This doesn't even begin to cover how they encouraged their employees to put their retirement into the business. Enron wasn't one fraud.. it was several.

UncleOxidant 4y ago

He was probably too smart to incriminate himself like that.

HWR_14 4y ago

Their CEO melted down and disappeared. The old CEO had to step back in. His Twitter would just be sad. Although he did famously yell at (wall street) analysts on a quarterly earnings call right before he broke down.