Posted on 11/14/2022 1:00:57 PM PST by Red Badger
NFL Ping!.................
Video
Tom Brady making a video with FTX CEO Sam Bankman-Fried
https://rumble.com/v1ufz80-tom-brady-making-a-video-with-ftx-ceo-sam-bankman-fried.html
Video
Tom Brady and Gisele doing an ad for FTX
https://rumble.com/v1u3uxm-tom-brady-and-gisele-doing-an-ad-for-ftx.html
I’ve seen it on TV...................
Brady was also a poster boy for bankrupt FTX.
Sorry, that was in the article.
Did he actually invest his own money or was he merely compensated with stock options for his endorsement? One is bad news, the other just means he did the endorsement for free in essence.
“Brady took an equity stake in the crypto company FTX last year, but this month the company announced a loss of up to 70 percent, meaning that Brady could lose millions in the speculation.”
brady took an equity stake for endorsement services, so he didn’t actually “lose a fortune” ... instead, the equity stake didn’t work out, so no fortune made, but none was “lost” either ... happens all the time ...
typical GP clickbait BS ...
If you’re relying on a football player and a supermodel for investment advice... You should probably think harder.
This Brady is broke appears to be wrong. Brady received compensation of cash and equity in FTX for his endorsements. Yes that FTX stock is worthless but based on what I read he did invest one cent of his own money into FTX. I would imagine his financial team convinced him if wanted to invest his own FTX he should be prepared to lose it all.
so far, I’ve only gleaned that they invested the $20m or so that they got for pitching this garbage. Not sure they put more of their own money in or not.
“It’s only paper.” - Sam Walton, when asked by a reporter about losing a billion dollars in the Black Friday market crash...........
So now he really does need to get a job.
I GET MY INVESTMENT ADVICE FROM TV SHOWS....................
“Tom Brady Set to Lose a Fortune”
But then again, Brady has several fortunes. He’ll be fine.
I haven’t followed the details of the FTX fiasco. How much of it was because the people running it were incompetents who took on unsound risk, how much of it was because they were crooks who defrauded their customers and investors, and how much of it was because crypto is inherently unsound even with honest and capable management?
It crashed because they treated it like a personal bank...............
Do you think Tom Brady is going to go begging for dinner tonight because FTX took a dump?
Not likely.
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