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Meta, FTX, Twitter: the liquidity crisis is compounded by a quest for meaning. Saving. Be careful, however, not to throw the baby out with the bathwater.
By Guillaume Grallet
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Lhe nightmare never ends. FTX, one of the world’s largest crypto-asset exchanges, has announced that it has filed for bankruptcy protection. In the process, its managing director, Sam Bankman-Fried, presented his resignation, and a spokesperson for the company has just explained that the company had been the victim of a massive hacking of its data on the night of November 11 to 12.
If the company’s financial troubles aren’t just due to tighter access to cash, they’re representative of a tech market struggling with sudden loss of value, mass layoffs, and in some cases bankruptcies. It’s like a soufflé that falls.
Hangover
During the pandemic, with an economy of…
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