FTX’s Unraveling Is Latest Blow to Softening Ad Market

Google, some U.S. television networks and some news publishers have already felt the effects of a pullback in ad expenditures as brands start to rein in spending. Advertising is often among the first expenses cut by companies looking to trim spending in times of economic uncertainty.

Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed over a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin

I see what you did there ;)

SBF is an international hero as his campaign contributions literally saved Democracy itself. Unfortunately some people lost out in the process, but the messaging on this has just been disparaging him when he was doing a selfless & altruistic deed.

The good news: fewer crypto ads.

I'm waiting for the collapse to come next. Where are they getting the funds from?

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Latest inflation report shows wholesale prices rose at a slower pace last month | CNN BusinessA key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest report from the Bureau of Labor Statistics. At this point, wholesale prices could probably stop rising altogether and folks would still barely see a hesitation in the continual rise of prices on store shelves. Democracy is the theory that the common people know what they want and deserve to get it, good and hard. - H L Mencken It's not the pace. It's the direction. Built in stagflation like forever. Ruinous. Kill it or play w it.
Fuente: CNN - 🏆 4. / 95 Leer más »

Tuesday Digest: Planned S.F. tower gets a lift; Latest Twitter firing - San Francisco Business TimesS.F. tower heights, more Musk firings, Reddit new hires and more on this Tuesday morning.
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