@5149jamesli While this may not apply to all PE backed industries, it applies to many. High interest rates and poor investigation into acquired and packaged corporations have created significant loses for PE investors. They are desperate to recoup and run before PE starts to be exposed.
Sam Bankman-Fried was hailed as the next Warren Buffet. Now he looks more like the next Elizabeth Holmes. Or Bernie Madoff. @profplum99 on the epic meltdown of SBF and FTX:
https://t.co/6YigIXVNzx
So, if I have this right, my tax money was given to Ukraine, Ukraine gave it to FTX, FTX gave it to Democrats. So, I donated to Democrats?
If that isn't a cluster, what is?
Lots of talk of #GOP being out of touch with you get voters. Maybe but it’s more likely that what #GOP stands for isn’t sexy, fun, easy, cheap or “ radical” enough for the younger generation to want to listen too.
I worked at Facebook when we had 200 employees
I’ve never understood why FB needs 20,000 employees. And less so the 70,000 employees Meta has now
@elonmusk’s Twitter layoffs are appropriate
Unfortunate, but appropriate
These businesses just don’t require that many people