The Prof G Pod with Scott Galloway Prof G Markets: The Failure of FTX, Why HBO Will be Acquired, and the Cannabis Industry
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Nov 14, 2022 
In this discussion, Ed Elson, a media analyst at Prof G Media, teams up with Jason Stavis, the editor-in-chief, to untangle the recent downfall of FTX, spotlighting the risky mismanagement that led to its collapse. They delve into Disney's earnings, hinting at HBO becoming a prime target for acquisition. The talk turns to the cannabis industry post-midterms, exploring its rapid growth and investment opportunities amid ongoing legislative challenges. Get ready for a blend of serious analysis and lighthearted banter!
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FTX Downfall
- FTX's collapse stemmed from over-leveraging and a risky reliance on its self-created FTT token.
- Binance's withdrawal from acquiring FTX further destabilized the situation.
Crypto Exchange Risks
- Crypto exchanges lack the government backing of traditional banks, making them vulnerable to runs.
- SBF's actions with FTX resemble a "highly leveraged Ponzi scheme."
Speculative Coins
- Scott Galloway believes speculative coins with no underlying utility are risky.
- He supports allowing them but questions their long-term value.