Sam Bankman-Fried spoke about the collapse of FTX. In his first live interview since FTX filed for bankruptcy, the former CEO of the cryptocurrency exchange said repeatedly that he did not know the extent of the financial troubles and had not knowingly committed fraud or mixed funds. Bankman-Fried blamed the collapse on a “massive oversight failure and said he was “deeply sorry for what happened.” Read the full transcriptand watch the video here.
Janet Yellen called the FTX collapse a “Lehman moment.” The finance minister said it was clear even before the debacle that the cryptocurrency industry lacked sufficient regulation. watch the video here.
Larry Fink said most crypto startups would fail. BlackRock’s CEO, who has long been a skeptic of crypto, placed some of the blame for FTX’s failure on the venture capitalists who funded it with little due diligence, a model he believes should change. watch the video here.
President Volodymyr Zelensky of Ukraine rebuked Elon Musk’s peace proposal. He invited the billionaire to visit Ukraine before making statements about how to end the war there. Zelensky also said he did not think there was an imminent threat of Russia using nuclear weapons. watch the video here.
Mark Zuckerberg reviewed the Metaverse and the Apple App Store. Meta’s CEO responded to criticism of his large investment in the Metaverse, saying it would work out in the long run and that augmented reality and virtual reality technology made up about 20 percent of Meta’s investment. Zuckerberg also said the Apple App Store’s market dominance was “not good.” watch the video here.
Benjamin Netanyahu said Donald Trump should not have had dinner with Kanye West. “It was wrong,” he told Andrew of Trump’s meeting with West and Nick Fuentes, an anti-Semitic extremist. watch the video here.
Shou Chew said TikTok could allay national security concerns over its Chinese property. He discussed the company’s plans to move US users’ data to Oracle’s cloud infrastructure. Chew, TikTok’s CEO, also said it was too early to make a major investment in the Metaverse. watch the video here.
Andy Jassy spoke about labor and layoffs. Amazon’s CEO said uncertainty in the economy led to the decision to lay off what could eventually be more than 10,000 business and technology workers. He also indicated that Amazon would contest the March election in Staten Island in which workers voted to form the first union at an Amazon warehouse in the United States. watch the video here.
Reed Hastings expressed his love for Elon Musk and Wordle. Hastings, a co-CEO of Netflix, called Musk “the most brave and creative person on the planet” and said he regretted not acquiring Wordle. Hastings also said Netflix was late in offering an ad-supported subscription tier. watch the video here.
Ben Affleck advocated for a maker-led studio. The actor’s new film studio aims to give Hollywood stars, directors, editors and other creative people a share of the profits – and more control over the work. watch the video here.
Priscilla Sims Brown explained how finances can help fight gun violence. She is the president and chief executive of Amalgamated Bank, who played a key role in creating a new gun sales merchant category code that makes it easier to identify illegal activity. watch the video here.
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