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Prof G Markets: The Failure of FTX, Why HBO Will be Acquired, and the Cannabis Industry
The Prof G Pod with Scott Galloway
FTX Is Insolvent
FTX lent out its customers' funds to prop up SBF's own Alameda fund. The $15 billion fortune of CEO Sam Bankman Fried has practically vanished overnight. It feels like Jenga, when we're all building this tower higher and higher and can't believe how high it's gotten. And then all of a sudden the whole thing comes crashing down.
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