We get a *lot* of messages from people complaining that they can't read our stuff without an FT subscription.
You should get one! But here is a guide on how to read FTAV for free. Really. Completely free. Just don't tell
@FT
ok.
The French government makes unemployed people go on blockchain awareness courses run by Binance, where if they gain sufficient blockchain awareness they're given an NFT diploma.
Really. This is a thing that actually happens.
Celsius admitted “that the company had never earned enough revenue to support the yields being paid to investors. This … suggests that at least at some points in time yields to existing investors were probably being paid with the assets of new investors.”
If Musk can successfully dodge buying Twitter just by tweeting, it suggests Twitter is worth more than he won't be paying. Whereas if he can't, it suggests it's worth less than he will be forced to pay. Tricky.
In which ARG pioneer
@jimstewartson
tells FT Alphaville's Izabella Kaminska that Qanon is a Live-action-role-playing (LARP) gone wrong. We also hear from
@CultExpert
Steve Hassan and
@john_sipher
(who actually has Q clearance).
This summer we wondered what on Earth all those 6,200 Coinbasers were doing, versus the ca 300 FTXers.
… Turns out it was things like accounting, HR, legal work and compliance. 😬
Click on the picture to read the article.
Yes, we know this is aggressively bad UI and we should probably leave this stupid website for dead but look, you're still here too.
WE COULD OPEN UP THE FT ALPHAVILLE ELECTRIC VEHICLE BUBBLE SPREADSHEET TO EVERYONE, ASK READERS TO HELP UPDATE AND MAINTAIN IT AND TURN IT INTO AN OPEN-SOURCE RESOURCE FOR EVERYONE
In a radical break from their business model of paying fines, lobbying and advising CEOs how to wreck their careers through stupid M&A deals, several banks are looking to break into the hot new phenomenon of *checks notes* lending money to companies.