Podchaser Logo Rate on Podchaser

Episode 92

full
Published on:

25th Nov 2022

A New Sex Tape Appears, Twitter 2.0 and Mike Tyson is Misunderstood

The collapse of FTX continues as a stunning list of allegations against the company’s former leadership has surfaced.  John J. Ray III, the group’s new chief executive officer, said in a sworn declaration submitted in bankruptcy court, 'Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.' He slammed non-existent oversight and the misuse of client funds as advisors struggle to locate billions of dollars in missing assets.

In today's episode of The Higher Standard, Chris and Saied dig into the FTX implosion, described as a free-wheeling crypto enterprise devoid of virtually every policy and practice that would be the norm for almost all other corporations.


They look at the continuing drama of Elon Musk's purchase of Twitter as even more staff exit the company following his reorganization and ultimatum.


Chris and Saied discuss why Elon Musk's 'Twitter 2.0' will likely be bad for the brand, the platform and the users in the long run.


They also discuss a recent article describing the debut of a new cannabis infused edible called 'Holy Ears,' created by legendary boxers Mike Tyson and Evander Holyfield. The edibles are named after a notorious moment in 1997 when Tyson bit off part of Holyfield's ear during a bout.


Join Chris and Saied for this fascinating conversation.


Enjoy!


What You’ll Learn in this Show:

  • What happened to cause the implosion of FTX, and why the financial mismanagement involved is reminiscent of the Enron debacle.
  • Why advisors have located only a fraction of digital assets that they hope to recover during FTX's Chapter 11 bankruptcy.
  • Why Jeff Bezos doesn't seem to care about company morale in the traditional sense.
  • Chris' thoughts of the future of public journalism in the wake of Elon Musk's purchase of Twitter.
  • And so much more...


Resources:

Irma Lomidze Instagram

"FTX’s New Boss Reveals Chaos Left Behind by Bankman-Fried" (article from Bloomberg Law)

"New wave of resignations hits Twitter after Musk ultimatum" (article from CNBC)

"Mike Tyson and Evander Holyfield Team Up for “Holy Ears” Edibles" (article from Now This News)




Next Episode All Episodes Previous Episode

Listen for free

Show artwork for The Higher Standard

About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your host; Chris Naghibi is here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

Follow Chris here as he posts daily: https://www.instagram.com/chrisnaghibi

About your host

Profile picture for Christopher Naghibi

Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.