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85: FTX Collapse, SBF vs. CZ & revisiting our crypto predictions
Not Investment Advice
What's the Median Drawdown for High Growth Tech Stocks?
Eric Liu: Let's take the high growth drawdowns that we've seen, right? I know we had a chart here of all the public tech companies, high tech growth companies. So like this comes like Peloton down 91.4%, a firm 88%, a sauna 85%, etc., etc. You can go all the way down to even like square down 76%, Coinbase 80%. He says Wazi lawyer is insinuating they did use customer funds to juice up Alameda. And if he'd gone through the whole process, it probably would have wiped out a lot of customer deposits.
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