Understood: Who Broke the Internet? cover image

The Naked Emperor Episode 1: The Hype

Understood: Who Broke the Internet?

00:00

How Did You Pick Because You Can Pick Your Ape?

Sam Aikman-Freed is worth an estimated 11 billion dollars. His popular crypto exchange FTX was valued at $32 billion. Forbes magazine put him on their cover and called him the richest 20 something in the world. The price of a token based on a dog meme went up by 36,000%. On late night TV, Paris Hilton and Jimmy Fallon lazily touted monkey jpegs as somehow cool and desirable.

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