Rivian stock hit a new all-time low today, and is now down -95% from its all-time high in Nov 2021.
It's market cap is now $9B, down from $150B in 2021.
Here's the 30 second summary of the FTX drama that is blowing up in crypto.
1/ How FTX (a multi billion dollar co) almost died overnight
2/ And why this is a god tier strategic move by @cz_binance
A Korean top prop trader Bill Hwang was liquidated of his entire 15B position on over 80B gross notional exposure yesterday ... might be among the biggest liquidation in recent years for a Aisa prop shop
Many of his position are Chinese big tech stock like TME, BIDU, VIPS etc