This week saw FTX shrink from $32 billion of value to zero in less than 48 hours. @TheInformation is doing great reporting. It seems the ill-named founder @SBF_FTX - Sam Bankman-Fried - invested hundreds of millions into Sequoia and other funds. The @SECGov failure to provide a regulatory framework for Crypto seems even more silly. But @DavidKirkpatric and @LHSummers provide a thoughtful distraction from the noise.
Contents
Editorial: I Vote For Change
Essays of the Week: The end of the Internet?
In Our Own Best Interests - Techonomy - David Kirkpatrick
Larry Summers Compares the Surge of Pain in Tech to the Dot-Com Bubble
Sam Bankman-Fried’s Late-Night Move and How the FTX House Crumbled
FTX’s $2 Billion Startup Fund Ensnared in Collapse
FTX’s Bankman-Fried Quietly Invested More than $500 Million in Sequoia and Other VCs — The Information
Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny
Introducing Mentions and Cross-Posts
The Substack Bestseller Badge
Zoom is coming for Microsoft’s territory with email and calendar services
Tesla vehicles will soon have Zoom video conferencing
Musk Warns Twitter May Lose Billions Next Year
Musk ends remote work at Twitter
Elon Musk sells Tesla shares worth $4bn
Meet The New Unicorns Minted In October 2022
Tiger Global Slashes Value of Private Tech Bets by Billions, Documents Show
VC firm Molten Ventures cuts portfolio value after tech sell-off
Changing times (or, why is every layoff 10-15%?
Stripe will lay off 14% of its employees
The Internet
Sam Bankman-Fried---
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