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> a bunch of kids I don't think we should refer to them as kids. It seems to absolve them of responsibility. Kids are given leniency when they do wrong. The FT
by mchaver 4y ago
> a bunch of kids
I don't think we should refer to them as kids. It seems to absolve them of responsibility. Kids are given leniency when they do wrong. The FTX/Alameda people are adults that graduated from one of the highest ranked universities in the world. They are foolish, but not kids.
Part of me wonders if there is media narrative that wants them to be referred to as kids because powerful people don't want them to be punished as harshly.
- jandrese 4y agoI think a lot of the "kids" narrative comes from the CEO that looks like jailbait. Most people weren't paying much attention to FTX before they exploded, and the first impression you get from looking at the "about us" pages is that they look like a bunch of teenagers, and this family of companies was worth billions out of nowhere. It is mind blowing that supposedly serious investors were tripping over themselves to dump money into this company. I'm not saying that young people can't create great companies. Many big companies are started by young founders, but when there are no adults in the room at all it starts looking suspect.
- mchaver 4y agoI agree with what you say that their appearances and behavior do not seem to fit the role, but that is part of the narrative that plays into the interests of Sam Bankman and company that will help them get lighter sentences. Their image as kids playing League of Legends who were trying to make money to give it away benefits them a lot.