How do you spend $400,000 on takeaway in a matter of months? Hint: you’re going to need to order a lot of steak and lobster.
Last November, FTX went bankrupt because it didn’t have enough money to meet customer withdrawals. Well, court filings have laid bare the company’s excessive spending habits on luxury estate, hotels and, of course, a yacht. Here’s the full breakdown.
Oh, and don’t get me started on how much they spent at Jimmy Buffett’s Margaritaville beach resort.
Now, are you sitting comfortably? Let’s take a look at the week’s big tech stories.
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1. Wall Street says TikTok CEO Shou Zi Chew had a “disaster” day in Congress. But the internet is loving him.
Chew was in Congress’s crosshairs Thursday, testifying amid calls to either force the sale of TikTok’s US business or ban its use in the country.
The hearing quickly devolved into a bloodbath of “yes or no” questions from politicians on both sides of the aisle, several of whom appeared uninterested in hearing full responses from the executive, Insider’s Dan Whateley and Aaron Mok write.
However, snippets from the testimony went viral, with people mocking the proceedings and calling lawmakers “boomers” who are “embarrassing” them in front of the world.
Wall Street may have dubbed Chew’s testimony a “disaster,” but by the end of it, Chew had the internet eating out of his hand.
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