Tiffany Fong, who’s been heavily involved with the FTX storyline, interviewed FTX creditor Louis D’Origny about the FTX bankruptcy plan. If you want to look at the Chapter 11 plan for yourself, it’s here.
“Partnerships like this should complicate this story of inevitability for companies like OpenAI, the world-beating firm that, before it takes over the economy, and before it must be stopped from taking over the entire world, must first, for some reason, pay for a big subscription to Politico Pro.”
[Intelligencer]
Isn’t it funny how all these “contrarians” are contrarians in exactly the same way? Anyway, in Julia Black’s deep dive on All-In and its hosts’ history, she notices something important:
The success of the podcast has helped paper over a less-than-dazzling run in the hosts’ day jobs, including flopped investments, increased regulatory scrutiny, dozens of shareholder lawsuits and humbling fundraising struggles.
PR is extremely powerful in the VC world, it’s true. I look forward to finding out who they hire as CEO!
You know what, I will also take a gold bar — from Costco or otherwise — for Christmas. Online shopping is so weird, my friends.
Galanti previously said the company sells out of its gold inventory “within a few hours” of the products being listed online.
According to BI, the gold bars are currently out of stock.
It’s about Elon Musk bragging to the banks that backed his Twitter takeover that he never lost money for his investors.
Meanwhile:
One multibillion-dollar firm that specialises in distressed debt called X’s debt “uninvestable”.
My guesses are: juniors at the banks angling to make more-senior employees look dumb in order to take their jobs or employees who cautioned against the Musk debt doing a public “I told you so.”
[FinancialTimes]
He’s an elephant seal currently riling up a community in Tasmania. He is also all over TikTok. Obviously, I’m on the side of unruly elephant seals, whether in California or elsewhere. He’s perfect and I love him.
And even if your state has protections, you’re still not safe:
Because the chains often share records across all locations, a pharmacy in one state can access a person’s medical history from states with more-restrictive laws. Carly Zubrzycki, an associate professor at the University of Connecticut law school, wrote last year that this could link a person’s out-of-state medical care via a “digital trail” back to their home state.
[The Washington Post]
David Mills, the Stanford Law prof who also defended ‘80s bond villain Michael Milken, flew to the Bahamas in his own jet when Bankman-Fried was first jailed. His friendship with Bankman-Fried’s parents may not survive the case.