We’re doing a special episode on cryptocurrency this week and covering what occurred in May of 2022 when the world watched as one of the biggest projects imploded. Once valued at $400 billion, the project was known as TerraUST, a stablecoin that was going to transform the crypto market and the way that traditional payments would be made in the future. Instead, investors watched as its market value dropped by almost 99% within 24 hours. What led to this death spiral and more importantly, what does the future hold for crypto investors? Our special guest Omid Malekan, Adjunct Professor at Columbia Business School, will break down the story in Episode 50 of The Great Fail.  Terra Sources  <a href="https://www.nytimes.com/2022/05/18/technology/terra-luna-cryptocurrency-do-kwon.html" rel="noopener noreferrer" target="_blank">How a Trash-Talking Crypto Founder Caused a $40 Billion Crash</a> <a href="https://www.bloomberg.com/news/newsletters/2022-05-12/terra-ust-was-too-big-to-fail-and-it-failed-bloomberg-crypto" rel="noopener noreferrer" target="_blank">Terra Was Too Big to Fail, and It Failed: Bloomberg Crypto</a> <a href="https://fortune.com/2022/05/19/luna-terrausd-ust-algorithmic-stablecoins-doomed/#:~:text=People%20rushed%20to%20redeem%20their,value%20in%20about%2024%20hours." rel="noopener noreferrer" target="_blank">TerraUSD’s collapse will take down every other algorithmic stablecoin, crypto analysts say</a> <a href="https://www.theguardian.com/technology/2022/may/13/terrausd-stablecoin-crypto-exchanges" rel="noopener noreferrer" target="_blank">TerraUSD ‘stablecoin’ delisted from crypto exchanges</a> <a href="https://www.bloomberg.com/graphics/2022-crypto-luna-terra-stablecoin-explainer/#xj4y7vzkg" rel="noopener noreferrer" target="_blank">How $60 Billion in Terra Coins Went Up in Algorithmic Smoke</a> <a href="https://www.coindesk.com/learn/the-fall-of-terra-a-timeline-of-the-meteoric-rise-and-crash-of-ust-and-luna/" rel="noopener noreferrer" target="_blank">The Fall of Terra: A Timeline of the Meteoric Rise and Crash of UST and LUNA</a> <a href="https://cryptopotato.com/4-valuable-lessons-from-terras-collapse-opinion/" rel="noopener noreferrer" target="_blank">The Terra (LUNA) Collapse: 4 Lessons To Be Learned (Opinion)</a> <a href="https://time.com/6177567/terra-ust-crash-crypto/" rel="noopener noreferrer" target="_blank">The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra’s Fall</a> <a href="https://www.gfinityesports.com/cryptocurrency/luna-crypto-crash/" rel="noopener noreferrer" target="_blank">Luna Crypto Crash: What Happened To Terra Luna?</a> <a href="https://fortune.com/2022/05/18/who-is-do-kwon-luna-ust-crypto-founder-rise-and-fall/" rel="noopener noreferrer" target="_blank">Who is Do Kwon, the ‘lunatic’ who created a $60 billion cryptocurrency that collapsed in days?</a> <a href="https://www.dailymail.co.uk/news/article-10823197/Terra-Luna-crypto-crash-investors-suicidal-friends-seek-retribution-millions-lost.html" rel="noopener noreferrer" target="_blank">Crypto investors contemplate SUICIDE and hide from friends seeking revenge for losing their life savings as currency crashes to zero</a> <a href="https://moguldom.com/408010/terra-luna-investors-lose-everything-in-98-percent-plunge-suicide-hotline-posted-at-top-of-forum/" rel="noopener noreferrer" target="_blank">Terra LUNA Investors Lose Everything In 98 Percent Plunge, Suicide Hotline Posted At Top Of Forum</a> <a href="https://www.nytimes.com/2022/05/17/business/media/crypto-gwyneth-paltrow-matt-damon-reese-witherspoon.html" rel="noopener noreferrer" target="_blank">All Those Celebrities Pushing Crypto Are Not So Vocal Now</a>  <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

We’re doing a special episode on cryptocurrency this week and covering what occurred in May of 2022 when the world watched as one of the biggest projects imploded. Once valued at $400 billion, the project was known as TerraUST, a stablecoin that was going to transform the crypto market and the way that traditional payments would be made in the future. Instead, investors watched as its market value dropped by almost 99% within 24 hours. What led to this death spiral and more importantly, what does the future hold for crypto investors? Our special guest Omid Malekan, Adjunct Professor at Columbia Business School, will break down the story in Episode 50 of The Great Fail. Terra Sources How a Trash-Talking Crypto Founder Caused a $40 Billion Crash Terra Was Too Big to Fail, and It Failed: Bloomberg Crypto TerraUSD’s collapse will take down every other algorithmic stablecoin, crypto analysts say TerraUSD ‘stablecoin’ delisted from crypto exchanges How $60 Billion in Terra Coins Went Up in Algorithmic Smoke The Fall of Terra: A Timeline of the Meteoric Rise and Crash of UST and LUNA The Terra (LUNA) Collapse: 4 Lessons To Be Learned (Opinion) The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra’s Fall Luna Crypto Crash: What Happened To Terra Luna? Who is Do Kwon, the ‘lunatic’ who created a $60 billion cryptocurrency that collapsed in days? Crypto investors contemplate SUICIDE and hide from friends seeking revenge for losing their life savings as currency crashes to zero Terra LUNA Investors Lose Everything In 98 Percent Plunge, Suicide Hotline Posted At Top Of Forum All Those Celebrities Pushing Crypto Are Not So Vocal Now Hosted on Acast. See acast.com/privacy for more information.

We’re doing a special episode on cryptocurrency this week and covering what occurred in May of 2022 when the world watched as one of the biggest projects imploded. Once valued at $400 billion, the project was known as TerraUST, a stablecoin that was going to transform the crypto market and the way that traditional payments would be made in the future. Instead, investors watched as its market value dropped by almost 99% within 24 hours. What led to this death spiral and more importantly, what does the future hold for crypto investors? Our special guest Omid Malekan, Adjunct Professor at Columbia Business School, will break down the story in Episode 50 of The Great Fail.&nbsp;&nbsp;Terra Sources&nbsp; <a href="https://www.nytimes.com/2022/05/18/technology/terra-luna-cryptocurrency-do-kwon.html" rel="noopener noreferrer">How a Trash-Talking Crypto Founder Caused a $40 Billion Crash</a>&nbsp;<a href="https://www.bloomberg.com/news/newsletters/2022-05-12/terra-ust-was-too-big-to-fail-and-it-failed-bloomberg-crypto" rel="noopener noreferrer">Terra Was Too Big to Fail, and It Failed: Bloomberg Crypto</a>&nbsp;<a href="https://fortune.com/2022/05/19/luna-terrausd-ust-algorithmic-stablecoins-doomed/#:~:text=People%20rushed%20to%20redeem%20their,value%20in%20about%2024%20hours." rel="noopener noreferrer">TerraUSD’s collapse will take down every other algorithmic stablecoin, crypto analysts say</a>&nbsp;<a href="https://www.theguardian.com/technology/2022/may/13/terrausd-stablecoin-crypto-exchanges" rel="noopener noreferrer">TerraUSD ‘stablecoin’ delisted from crypto exchanges</a>&nbsp;<a href="https://www.bloomberg.com/graphics/2022-crypto-luna-terra-stablecoin-explainer/#xj4y7vzkg" rel="noopener noreferrer">How $60 Billion in Terra Coins Went Up in Algorithmic Smoke</a>&nbsp;<a href="https://www.coindesk.com/learn/the-fall-of-terra-a-timeline-of-the-meteoric-rise-and-crash-of-ust-and-luna/" rel="noopener noreferrer">The Fall of Terra: A Timeline of the Meteoric Rise and Crash of UST and LUNA</a>&nbsp;<a href="https://cryptopotato.com/4-valuable-lessons-from-terras-collapse-opinion/" rel="noopener noreferrer">The Terra (LUNA) Collapse: 4 Lessons To Be Learned (Opinion)</a>&nbsp;<a href="https://time.com/6177567/terra-ust-crash-crypto/" rel="noopener noreferrer">The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra’s Fall</a>&nbsp;<a href="https://www.gfinityesports.com/cryptocurrency/luna-crypto-crash/" rel="noopener noreferrer">Luna Crypto Crash: What Happened To Terra Luna?</a>&nbsp;<a href="https://fortune.com/2022/05/18/who-is-do-kwon-luna-ust-crypto-founder-rise-and-fall/" rel="noopener noreferrer">Who is Do Kwon, the ‘lunatic’ who created a $60 billion cryptocurrency that collapsed in days?</a>&nbsp;<a href="https://www.dailymail.co.uk/news/article-10823197/Terra-Luna-crypto-crash-investors-suicidal-friends-seek-retribution-millions-lost.html" rel="noopener noreferrer">Crypto investors contemplate SUICIDE and hide from friends seeking revenge for losing their life savings as currency crashes to zero</a>&nbsp;<a href="https://moguldom.com/408010/terra-luna-investors-lose-everything-in-98-percent-plunge-suicide-hotline-posted-at-top-of-forum/" rel="noopener noreferrer">Terra LUNA Investors Lose Everything In 98 Percent Plunge, Suicide Hotline Posted At Top Of Forum</a>&nbsp;<a href="https://www.nytimes.com/2022/05/17/business/media/crypto-gwyneth-paltrow-matt-damon-reese-witherspoon.html" rel="noopener noreferrer">All Those Celebrities Pushing Crypto Are Not So Vocal Now</a>&nbsp; Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

Episode 50:  Terra: Crypto’s TERRA-ble Crash

In the 80's and early 90's, LA Gear became one of the most iconic brands with celebrity endorsements that included Michael Jackson, Paula Abdul, Hakeem Olajuwon, Joe Montana, and Wayne Gretzky. This quintessential company captured the hearts of men, women, and kids and for a minute, was third in sales behind Nike and Reebok. How one of the hottest companies, could commit a series of missteps that landed it on its deathbed by the late 90's, will have you doing the maniac flashdance.  Tune in on AdvertiseCast: <a href="https://www.advertisecast.com/TheGreatFail">https://www.advertisecast.com/TheGreatFail</a> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a> <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

In the 80's and early 90's, LA Gear became one of the most iconic brands with celebrity endorsements that included Michael Jackson, Paula Abdul, Hakeem Olajuwon, Joe Montana, and Wayne Gretzky. This quintessential company captured the hearts of men, women, and kids and for a minute, was third in sales behind Nike and Reebok. How one of the hottest companies, could commit a series of missteps that landed it on its deathbed by the late 90's, will have you doing the maniac flashdance. Tune in on AdvertiseCast: https://www.advertisecast.com/TheGreatFail Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

In the 80's and early 90's, LA Gear became one of the most iconic brands with celebrity endorsements that included Michael Jackson, Paula Abdul, Hakeem Olajuwon, Joe Montana, and Wayne Gretzky. This quintessential company captured the hearts of men, women, and kids and for a minute, was third in sales behind Nike and Reebok. How one of the hottest companies, could commit a series of missteps that landed it on its deathbed by the late 90's, will have you doing the maniac flashdance.&nbsp; Tune in on AdvertiseCast: <a href="https://www.advertisecast.com/TheGreatFail" rel="noopener noreferrer">https://www.advertisecast.com/TheGreatFail</a> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices" rel="noopener noreferrer">megaphone.fm/adchoices</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

Episode 1: The Downfall Of LA Gear

What makes greatness fail? How do some of the most successful brands, companies, ideas become obsolete?Welcome to The Great Fail, a podcast that examines and explores case studies of the most famous and infamous cases. Here we share stories that will irk you, shock you, and have you picking your jaw up from the floor. This isn’t your typical classroom lecture hall– the stories are delivered in a whodunit murder mystery because some of these incredible, and oftentimes avoidable, mistakes are truly a crim Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a> <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

What makes greatness fail? How do some of the most successful brands, companies, ideas become obsolete?Welcome to The Great Fail, a podcast that examines and explores case studies of the most famous and infamous cases. Here we share stories that will irk you, shock you, and have you picking your jaw up from the floor. This isn’t your typical classroom lecture hall– the stories are delivered in a whodunit murder mystery because some of these incredible, and oftentimes avoidable, mistakes are truly a crim Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

What makes greatness fail? How do some of the most successful brands, companies, ideas become obsolete?Welcome to The Great Fail, a podcast that examines and explores case studies of the most famous and infamous cases. Here we share stories that will irk you, shock you, and have you picking your jaw up from the floor. This isn’t your typical classroom lecture hall– the stories are delivered in a whodunit murder mystery because some of these incredible, and oftentimes avoidable, mistakes are truly a crim Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices" rel="noopener noreferrer">megaphone.fm/adchoices</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

Season 1 Trailer

The Great Fail is a true crime inspired, business podcast that examines the greatest success stories of the most prominent and prolific companies, brands, and people and what led to their demise. If you love true crime and stories of massive failures, you've come to the right place! Here we take a forensic look at stories that will irk you, shock you, and have you picking your jaw up off the floor, all while learning the oftentimes avoidable, mistakes that have ended the lives of companies and left boardrooms looking like crime scenes. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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The Great Fail is a true crime inspired, business podcast that examines the greatest success stories of the most prominent and prolific companies, brands, and people and what led to their demise. If you love true crime and stories of massive failures, you've come to the right place! Here we take a forensic look at stories that will irk you, shock you, and have you picking your jaw up off the floor, all while learning the oftentimes avoidable, mistakes that have ended the lives of companies and left boardrooms looking like crime scenes. Hosted on Acast. See acast.com/privacy for more information.

The Great Fail is a true crime inspired, business podcast that examines the greatest success stories of the most prominent and prolific companies, brands, and people and what led to their demise. If you love true crime and stories of massive failures, you've come to the right place! Here we take a forensic look at stories that will irk you, shock you, and have you picking your jaw up off the floor, all while learning the oftentimes avoidable, mistakes that have ended the lives of companies and left boardrooms looking like crime scenes. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

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