collapse

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100 companies connected to it. D. Brian Blank and Brandy Hadley are professors who study finance, investing and fintech. They explain how and why this incredible collapse happened, what effect it might have on the traditional financial sector and whether you need to care if you don’t own any cryptocurrency. 1. What happened? In 2019, Sam Bankman-Fried founded FTX, a company that ran one of the largest cryptocurrency exchanges. FTX is where many crypto investors trade and hold their cryptocurrency, similar t...

It seems that any hope that legacy media had of recovering audiences was crushed by the recent and rapid collapse of CNN’s streaming service, CNN+. For the past decade, viewers and listeners have gradually been abandoning legacy broadcast media, which refers to news media institutions established before the digital era, such as ABC, CBS, CNN, Fox News Channel, MSNBC, NPR and NBC. Audiences have instead gravitated toward nascent media makers that got their start on platforms like YouTube, Substack, Spotify and TikTok. The popular programming on these platforms – which includes “Bad Faith,” “Breaking Points,” “The Katie Halper Show,” “The Joe Rogan Experience,” “The Jimmy Dore Show,” “Empire Files,” “Useful Idiots” and “The Realignment Podcast” – are collectively, and sometimes individuall...

Tag: collapse

Dramatic Collapse Of The Cryptocurrency Exchange FTX Contains Lessons For Investors But Won’t Affect Most People

Recent And Rapid Collapse Of CNN’s Streaming Service, CNN+