2min chapter

This Week in Startups cover image

Apple vs Twitter, app store duopoly, YouTube's efficiency, Snap goes back to the office | E1623

This Week in Startups

CHAPTER

BlockFi - The Snake That Eats Its Own Head

Arubaros, of course, the snake that eats its own head. I was looking at him as you were talking. It's not a good way to run a business. So BlockFi has declared bankruptcy because apparently none of that snake head eating situation worked out. The shell company owned by SPF bought Robinhood shares pledged as collateral to guarantee to BlockFi the loan to FTX that was used to bail out BlockFi itself. Cricket need to ask, Brendan. You're just a Nick, you got to keep that break in the show.

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