Sam Bankman-Fried – The FTX/Alameda Research Collapse
I have been keeping up with the latest crypto crash of 2022. Hot off the heels of The Terra Luna collapse of earlier this year, which, in turn, caused the collapse of Celsius, Voyager, and others, the FTX collapse has impacted BlockFi (which also filed for bankruptcy protection), and could cause Gemini to collapse as…
Color App: Doomed to Failure While Costing Millions
Nice write-up in the NYT about the Color App that’s being doing badly it seems. They raised 41 million in VC capital before releasing their app, which failed miserably. It’s a stark contrast to Instagram, which started with a few employees and $500,000.
Mark Singer on Trump
Marc Singer has a good article about Trump in the New Yorker. Ever since I became aware of his bubbling birtherism, he’s totally lost any respect that I had for him.
SEC Is Charging Goldman Sachs With Fraud
Wow, never thought I’d see the day that the SEC would charge the great vampire squid with fraud. Will it be successful? I don’t know, Goldman Sachs is pretty powerful and I wonder how much the US wants them guilty. It will probably be plea-bargained out. What a shame. Goldman Sachs stock is already down…