Sublime
An inspiration engine for ideas
Tyro Prate
@tyroprate
Richard Philpot
@richardphilpot
the exchange’s revenues drove the value of FTT. “If FTT goes to zero, so what?” said Zane. The other reason it made no sense was that FTX had been so wildly profitable. “I know how much real revenue we were making: two bips [0.02 percent] on two hundred fifty billion dollars a month,” said Zane. “I’m like, Dude, you were sitting on a fucking printi
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Matt Funaro
@mattfun98
Alan Yarborough
@akyarborough
James Stuber
@uberstuber
Tyler Berbert
@tjb
GLG can be viewed as a "tax" on the global knowledge economy. S-1 numbers are fascinating:
- 21k network members
- $520k annual contract value
- $290mm in recurring revs (as of 6/30/21)
- 102%+ "wallet retention" (completed one project in 90 days)
https://sec.gov/Archives/edgar/data/0001661123/000119312521301055/d161028ds1.htm... See more
The design that FTX (Gary) had come up with solved the problem, in an elegant way. It monitored customers’ positions not by the day but by the second. The instant any customer’s trade went into the red, it was liquidated.