Larry David predicted FTX's implosion | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Larry David made a prediction about this week’s crypto meltdown that was prettaaay prettaaay good.

In a Super Bowl ad for the FTX crypto exchange in February, Larry David sarcastically predicted that FTX wasn’t going to make it. The ad shows David’s character throughout history, naysaying humanity’s greatest inventions, including the wheel, the lightbulb, coffee and democracy. At the end of the ad, David learns about FTX, “a safe and easy way to get into crypto.” A dismissive David says, “Ehhh, I don’t think so. And I’m never wrong about this stuff — never.

The full extent of FTX’s financial problems aren’t yet known, but multiple reports say the firm is facing an $8 billion shortfall. Without a quick infusion of equity, Bankman-Fried reportedly told investors Thursday, the firm was facing bankruptcy. Despite its reputation as a dependable, low-risk investment portal, FTX’s business appears to have been built on a complex, extremely risky kind of leveraged trading. Customers deposited their money to engage in crypto trading.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There's something about Twitter (and media companies) that attracts people who just don't get irony.

do you know what acting is, though

I loved that commercial. But you gotta admit that he got this one right.

“Not your keys, not your coins”

I thought that was Bernie Sanders. My bad. Sorry LOL.

Eh? Larry David was in FTX's employ and selling their product in a sarcastic way -- but he was selling their product. Should have been a dead giveaway that the Ponzi people needed a bigger cash inflow, causing them to fleece the Super Bowl audience. Bad sportsmanship

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX bankruptcy filing: Why the $32B crypto company collapsed, what it means for the futureCryptocurrency sector suffers another loss: FTX, one of the biggest players - once valued at $32 billion – declares bankruptcy. Federal regulators are investigating the sudden collapse It is like Elon watched the FTX goat rodeo for a while then said 'Hold my beer'... Crypto Arena you next bro! Take sorry ass Westbrick with ya! No more FTX Arena in Miami? Name change is coming! BangBrosDotCom1 coming in hard with this one 😂
Source: ABC7 - 🏆 67. / 68 Read more »

FTX's U.S. business is in troubleFTX US is separate from FTX, but its fate is likely to be equal.
Source: axios - 🏆 302. / 63 Read more »