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FTX bankruptcy, spiciest takes, future of crypto VC, new Amazon Prime drones + OK Boomer | E1610
This Week in Startups
Objects Core Value Matters
John J. Ray the third, a quote restructuring expert who is notably the guy that Enron brought on during its liquidation process and he did manage to help return $20 billion to Enron creditors. He has stepped down as the CEO of FTX; replaced by John J. Ray The Third. Molly Ball: If you are trading an asset worth nothing, eventually it's going to evaporate because there's no fundamental value there. She says if we can just erase this entire period of nonsense from the system, get rid of the people who were investing in it.
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