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Fri. 11/03 – SBF Guilty

Nov 3, 2023

Sam Bankman-Fried has just been found guilty on multiple counts of fraud, shaking the crypto world. Elon Musk celebrates a financial win with Starlink, while gearing up to launch a new AI model that could disrupt the market. The FTC scrutinizes Amazon for allegedly boosting misleading ads to dodge antitrust actions. Meanwhile, Joe Rogan's lucrative Spotify deal is nearing its end, raising questions about the future of his podcast and Spotify's strategy amidst financial pressures. The tech landscape is buzzing with change!

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Quick takeaways

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.

Intro

4min

Elon Musk's Expanding Empire: Starlink Breaks Even and XAI Prepares for Launch

3min

Tech Giants' Earnings and Advertising Changes

6min

Google's Ad Strategy and the EV Market Turmoil

4min

The Future of Podcasting: Navigating Joe Rogan's Spotify Deal

2min

Sam Bankman Fried has been found guilty. The FTC alleges Jeff Bezos ordered Amazon to boost junk ads. Elon Musk says Starlink is almost profitable. He also says he’s about to release his own AI model. And in the Weekend Longreads Suggestions, is Elon about to give Joe Rogan a new lily pad to take his podcast to?

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