41–50 of 451 posts
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I haven't been following coinbase too closely, is there any visibility into their finances?
They are a public company traded on NASDAQ, so there's more visibility than just about anyone else.
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I want that XLSX file. I want to print out that spreadsheet for my bedsheet. It's a work of art; it should be hung in every office in the country as a reminder.
Here it is! https://d1e00ek4ebabms.cloudfront.net/production/7ab64a3b-6c...
That's exactly the kind of financial detail I like to see from a multi-billion dollar company.
The new CEO of FTX states that FTX had no accounting department. lol. > “The Debtors do not have an accounting department,” Ray wrote, stating he expected it would be “some time” before reliable financial statements could be prepared.
I guess I’m not that surprised after seeing that balance sheet from FTX floating around.
This whole mess makes me wonder, what if they did everything right, with proper accounting and compliance practices etc.? Would we have ended up with a successful crypto business that would advance the whole field forward? Perhaps Coinbase is an example of that, though maybe not as well known due to less drama?
how did ftx successfully raise so much vc money recently? do these top vc firms do no due diligence?
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Here it is! https://d1e00ek4ebabms.cloudfront.net/production/7ab64a3b-6c...
Exhibit A of the incompetence defense.
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Here it is! https://d1e00ek4ebabms.cloudfront.net/production/7ab64a3b-6c...
What is TRUMPLOSE lol
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Can't make this stuff up. https://www.coindesk.com/business/2022/11/11/meet-the-metave...
Wait... is this the same Prager-prefix as the PragerU folks? My goodness this stupidity is a conglomerate industry if so.
The new CEO of FTX states that FTX had no accounting department. lol. > “The Debtors do not have an accounting department,” Ray wrote, stating he expected it would be “some time” before reliable financial statements could be prepared.
This shouldn’t be surprising at all after seeing their balance sheet with round numbers like $5,000,000,000 in assets and $12,000,000,000 in liabilities. It looked like SBF made it in Excel while his LoL game was loading.