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oursland t1_ixnavza wrote

Reply to comment by SkunkMonkey in Reuters: Global regulators to target crypto platforms after FTX crash by Globalist2

There's been a couple years where their income was greater than their operating expenses, so it's feasible that had it continued it's trajectory it could eventually become a consistently profitable venture. In its current state, that's an extremely unlikely outcome now.

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NorthernerWuwu t1_ixob74r wrote

Sure but that company would be worth a few hundred million if they were lucky. That's not enough so they leveraged the hell out of the idea that they might be worth a few dozen billion if everything went perfectly.

Then Elon showed up and hey, it turns out that things can go perfectly!

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