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Barney D Pell's avatar

I'm really curious about the backstory here. this is truly shocking. The company announcement saying Sam wasn't candid with the board raises more questions than it answers -- candid about what?

My guess, for lack of any actual data: maybe the company is in bad economic shape, burning more money than people thought and the board wasn't aware of that and now is in a crisis and blaming Sam.

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Birgitte Rasine's avatar

"The fact that the governance of one of the most visible [ FILL IN THE BLANK ] companies in the world can change literally overnight should be a reminder that we can’t make our judgements about a company’s trustworthiness based simply on a vibe about their CEO."

I've quietly always thought this is going to be another FTX. Not in the ponzi scheme sense, but in the boy-is-this-ever-overhyped sense. It was a matter of time. I'm glad Silicon Valley doesn't do geological time. That's the one thing it gets right.

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