will the proceeds go to the victims that lost their investments?
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Apple Nearing Deal for Film About Sam Bankman-Fried and the Collapse of FTX
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Yes, Musk has a lot of friends. And some are even billionaires.
But that doesn't mean they will put their money into Twitter if Twitter continues to lose money, revenue continues to decline because key advertisers are avoiding the platform,
and Twitter Blue and his other ideals don't bringing in enough to sustain operations.
Billionaires don't become billionaires by poorly investing their money.
Not sure how 'nearing a deal' is translating to 'wow, that was fast', 'inside job?', 'was the script already written?', 'it better expose the people I don't like!'.
Getting the deal is the first step of a long process, making a movie takes time. By the time the script is written, the rest of the details will be known and many versions of a script will be made and edited as they go.
Production companies don't wait to strike deals when they feel a topic will be a big seller. This story is insane from any angle, so I can see the appeal from their vantage point and I am personally looking forward to it.
Getting the deal is the first step of a long process, making a movie takes time. By the time the script is written, the rest of the details will be known and many versions of a script will be made and edited as they go.
Production companies don't wait to strike deals when they feel a topic will be a big seller. This story is insane from any angle, so I can see the appeal from their vantage point and I am personally looking forward to it.
Huh?
Yeah the author of The Big Short was definitely working on puff propaganda. Hilarious.
He's a writer. His insights end up in a book which probably isn't even close to complete. Besides, just because he spent time with SBF doesn't mean he had put together the full story yet.
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Because far more people than we'd hope are incapable of understanding something beyond a headline.
It could be a great movie if its willing to gets its hands dirty in the many dimensions of corruption. In his tweets he bragged about as long as he said the right woke things politicians would not regulate him as he gave millions to politicians. Crypto is a small piece of this insane story.
Why would the author of The Big Short be unable to write propaganda? If you pay attention to what I wrote, you’ll notice I said Lewis had no real insights. The point there is that he was in the midst of a world class scam and apparently didn’t notice it was a scam. He certainly didn’t seem to warn anyone.
The production will be a combination of his work and the producers. The producers decide what story to tell, not Lewis. It will probably be an interesting and compelling story, but it will likely be at best half truths and surface level.
Washington Post … mmmmmkay yes I’m sure that’s an honest study and representation of reality 🤡
Exactly. Crypto is not the story here at all. What they did is as old as the world. Although I think that as smart as they were they really believed themselves and didn’t realise that they don’t know what they don’t know. Classic inexperience in running a business and no oversight or willingness to listen. Even now some of them think they can trade themselves out of it.
Other media outlets are reporting the exact same thing.WSJ News Exclusive | General Mills, Audi and Pfizer Join Growing List of Companies Pausing Twitter Ads
Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk’s plans for content moderation.
www.wsj.com
Twitter’s Advertising Exodus Accelerates, Despite Outreach From Elon Musk
Ad giant Omnicom joins other agencies in recommending brands pause spending, and some companies halt discussions for annual contracts.
www.wsj.com
How Elon Musk’s Twitter Faces Mountain of Debt, Falling Revenue and Surging Costs
The social-media company is working to bring down expenses as many advertisers pause spending and debt payments loom.
www.wsj.com
50 of Twitter's top 100 advertisers have pulled out of the platform since Elon Musk took over, report says
Some of the 50 companies publicly announced they were stopping adverts on Twitter, but research center Media Matters says others are "quiet quitters."
www.businessinsider.com
Advertisers Hit The Pause Button With Twitter
Madison Avenue concerned with brand safety and a loss of key personnel has recommended marketers pause their ad commitment to Twitter.
www.forbes.com
Twitter get 90% of revenue from advertisers.
Losing key advertisers during The World Cup is going to hurt Twitter.
Losing key advertisers during the holidays is going to hurt Twitter.
Losing key advertisers during the Super Bowl is going to hurt Twitter.
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He wouldn't have noticed it was a scam, because it wasn't a scam. It was terrible corporate controls, verging on embezzlement. You would need to be a forensic accountant to figure that out. But the only "scam" is that FTX portrayed itself as being as secure and reliable as a bank. It wasn't, at least not a 2022 bank. Maybe more like an 1822 bank.
OK, tell us, what do your trusted media sources say? Which are they?
I don’t see how they could glorify this catastrophe. I think the “WeCrashed” series did a good job of depicting how despicable these characters are, so I would imagine it will be something around these lines.
This is the type of content I would like to see more of. And there no shortage of greed-themed content. How about a series about “tulip mania”?
Speaking preemptively, maybe Fincher/Sorkin should start working on a sequel to “The Social Network” about the fall of Meta….in VR 😉
This thing you’re talking about has nothing to do with ‘woke’. SBF is a fraud and has nothing to do with minority rights movements.
SBF is a part of the Effective Altruist movement. EA is a scam and a cult. EAs believe that billionaires will save the world from the problems billionaires created because they are so wise they can spend the money better than anyone else (by stealing it and hiding it in offshore banks). That’s like asking an arsonist to put out a fire they started.
Column: How Sam Bankman-Fried exploited the 'effective altruism' fad to get rich and con the world
This would-be crypto trillionaire promised to give away his wealth, but did he ever really mean it?
www.latimes.com
The Contradictions of Effective Altruism
The meltdown of FTX and its fraudster boss, Sam Bankman-Fried, reveals the potential for reckless risk-taking at the heart of an influential philanthropic movement.
prospect.org
Yo dawg I heard you like free money so I created RainbowMoonInu coins and if you send me your real money to my bank in the Bahamas I'll send you my fake moneys back.
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well they take a script about enron and do a replace-all on the names.