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Kevin O'Leary FTX interview
Posted on 12/10/22 at 1:42 pm
Posted on 12/10/22 at 1:42 pm
just saw this interview/grill session on CNBC with Kevin O'Leary regarding the FTX scandal, and i lost a lot of respect for him. i always thought he was a numbers only/no BS kinda guy who didn't give a damn about your emotions, but he came off looking weak and dumb
before you ask, no, I never viewed him as an infallible godly figure who was mistake-free, but i thought he was someone who was a lot more real and knowledgeable about his investments and didn't sugarcoat things
LINK
before you ask, no, I never viewed him as an infallible godly figure who was mistake-free, but i thought he was someone who was a lot more real and knowledgeable about his investments and didn't sugarcoat things
LINK
9
Posted on 12/10/22 at 1:47 pm to MJackson
(no message)
This post was edited on 4/5/23 at 3:02 pm
Posted on 12/10/22 at 1:51 pm to MJackson
He took 15 million dollars to push this scam on his followers. Only thing I can take away from his interviews is that he was bought and is holding some heavy bags in worthless crypto
Posted on 12/10/22 at 3:01 pm to MJackson
He lost 9 of the 15 million he was paid to push this scam onto people. Poor guy… only netted 6 mil. 
Posted on 12/10/22 at 3:07 pm to MJackson
I applaud him for the transparency and honesty.
With that said, I don’t even think he lost anything. $15M in payments to him and he invested like $10M or so back in? Maybe taxes net him out at a wash.
With that said, I don’t even think he lost anything. $15M in payments to him and he invested like $10M or so back in? Maybe taxes net him out at a wash.
Posted on 12/10/22 at 3:12 pm to UltimaParadox
It's important to note he didn't put up his own 15M. FTX promised him compensation in the form of cash/coins/equity to be a spokesman. So he is only out the taxes on that money. Still a lot of coin, but not the same as fronting your own 15M.
The interviewers are grilling him on due diligence, but how much due diligence would you do on a product if you're getting 15M in comp regardless? Probably not that much. Doesn't make it right, but it's not exactly surprising.
He even admits he did not do enough due diligence, that he looks like a total idiot, that it was a terrible mistake, and his goal is to parse through the data so he can get to the bottom of what happened.
He actually didn't come off as cocky as I would've expected.
The interviewers are grilling him on due diligence, but how much due diligence would you do on a product if you're getting 15M in comp regardless? Probably not that much. Doesn't make it right, but it's not exactly surprising.
He even admits he did not do enough due diligence, that he looks like a total idiot, that it was a terrible mistake, and his goal is to parse through the data so he can get to the bottom of what happened.
He actually didn't come off as cocky as I would've expected.
Posted on 12/10/22 at 8:38 pm to TigerDeBaiter
quote:
He lost 9 of the 15 million he was paid to push this scam onto people. Poor guy… only netted 6 mil.
Think about this for a second.
Posted on 12/10/22 at 9:53 pm to MJackson
quote:
always thought he was a numbers only/no BS kinda guy who didn't give a damn about your emotions,
Maybe at some point he was, but in the last few years Kevin has been all about selling Kevin. And this is a huge hit on that ability.
Posted on 12/10/22 at 10:28 pm to MJackson
Same guy who was telling laid off people during the pandemic to go and work for free for somebody to get re-established.
Never liked the guy
Never liked the guy
Posted on 12/11/22 at 9:06 am to MJackson
The most amazing part of the interviews he’s given is that he said that given the opportunity, he’d back Bankman-Fried again. Idiot? Crook? Trying to make it look like his original “due diligence” methodology is still what he’d use?
Posted on 12/11/22 at 12:53 pm to MJackson
Came here to post this. Frick that guy with a frozen porcupine.
Posted on 12/11/22 at 7:02 pm to MJackson
Kevin is a clown. Made his money selling a bag of garbage to Mattel.
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