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Techmeme Ride Home
Fri. 11/03 – SBF Guilty
Nov 3, 2023
Guest Sam Bankman Fried, found guilty of fraud. Topics include FTC allegations against Amazon, Elon Musk's announcement about Starlink's profitability and upcoming AI model release, and the potential for Joe Rogan to switch platforms for his podcast.
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- Sam Bankman-Freeze has been found guilty of fraud, wire fraud, and money laundering in the FTX trial.
- Elon Musk announces that Starlink has achieved cash flow break-even and will release its own AI model.
Deep dives
Sam Bankman-Freeze Found Guilty in FTX Trial
Sam Bankman-Freeze has been found guilty on all seven counts of fraud and conspiracy in the FTX trial. The jury took four and a half hours to reach their decision, declaring him guilty of wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. Bankman-Freeze's defense claimed he had honestly failed in operating a high-risk business, but his former roommates and lieutenants contradicted his testimony. Sentencing is scheduled for March 28th, 2024.
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