Securities Commission of The Bahamas Assumes Control of Assets of FTX

Almost as much money lost as Elon on Twitter

Stout… c’mon now. Market cap or value of Twitter wouldn’t be nearly as much right now. That said I am anxious to see the turnaround. I do think he has a plan to trim the fat and if he can get away with it now may be the time with Silicon Valley layoffs. But let’s not think it is worth the same as it was 30 days ago.

quote:

---

100 to 85 probably doesn’t hurt as bad as 15 to 0.

---

Probably?

quote:

---

But let’s not think it is worth the same as it was 30 days ago.

---

The only value difference is perceived value and that is mostly based on what the people betting against Elon are saying. We won't know its true value as long as it is a private company with no public earnings reports. It's pretty silly to think that it is worth significantly less now simply because he took over and a few people are pouting about it. He has said several times that traffic is at an ATH and in turn, ad revenue is increasing. That is on top of the subscription service and all of the fat he has trimmed so far. IMO if people were honest, its value has probably increased all things considered.

Now if you want to argue he overpaid for it, I can see the validity of that.

quote:

---

SBF goes from a net worth of $15 billion to zilch. A greater and faster fall than fellow fraudster Elizabeth Holmes

---

It's pretty wild but I'm sure he has a couple of billion stashed away in BTC or something somewhere.

If he's just sending btc to wallets, it won't be a hard task.

Gonna be hard for him to get ahold of it after he serves his prison time and everything in his home is confiscated

Or he'll be a billionaire in a few years again

My only concern is who will sponsor the MLB Umpires’ unis near year?