The Internet Is a Sophisticated Way to Use the Internet for Evil

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In 99, that really is a pretty savvy way to use the internet for evil. Now, unfortunately, what they do with that data advantage is they do manipulate markets. It's crazy to me how skilling, I think he really was delusional that there was so much innovation here that he thought it was okay.

The FTX fraud has dominated headlines now for weeks, during which we’ve debated if and how Acquired could uniquely add to the conversation. Then we realized there was an angle so perfect that we had to drop everything and enter Acquired research overdrive: Enron. Travel back with us to the granddaddy fraud of them all, 2001’s then-largest bankruptcy in US history and the impetus for the famous Sarbanes-Oxley Act. So much of Enron’s history parallels FTX that the uncanniness is almost unbelievable — right down to the same CEO running the two bankruptcies. Sit back and enjoy this crazy tale of villainy, greed, and the nature of humans and money. Maybe just don’t take notes on this one…

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