Twitter and other social media companies have been criticized for lending to one another rather than securing traditional avenues of financing. Twitter CEO Jack Dorsey says it was a "necessity" that they were doing so, but he doesn't know if there's any real fraud behind the loans or not. The crypto world is very decentralization with no operations underlying it, which makes it hard to loan against; you can't make an investment based on its value.
Our weekly recap and preview for next week features Cineworld, LTL Management, Serta Simmons, PJM Merchant Generators, Nautilus Generation and Lightstone Generation.
This week we feature a replay from The Reorg Primary View series, where Jon Henes, co-founder and CEO of C Street Advisory, discusses cryptocurrency bankruptcies and looming regulation within the industry with Reorg reporter Ellen Schneider.
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