Thread regarding Riverbed Technology Inc. layoffs

TB, not the best and brightest

Today I learned that TB also had a decent investment (about $130M) in FTX Trading, the crypto company that just declared bankruptcy with the most spectacularly bad financials one could possibly imagine.

Are these guys going to learn how to go about due diligence? Was there nothing gained when they found out RVBD's statements were all smoke and mirrors?

Ah well.

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| 1328 views | | 5 replies (last )
Post ID: @OP+1jISFLEq

5 replies (most recent on top)

Follow-up lulz from Reuters:

"The U.S. Securities and Exchange Commission (SEC) is seeking details about FTX investors' due diligence, according to two sources familiar with the inquiry, as fallout from the crypto firm's collapse spreads.

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The SEC is now asking financial firms what diligence policies and procedures they have in place, if any, and whether they followed them when choosing to invest in FTX, the sources said.

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[S]ources said the SEC inquiries may mean the venture capital firms and investment funds that invested in FTX could face regulatory scrutiny even if they are considered victims of Bankman-Fried's alleged scheme. At issue would be whether the firms met their fiduciary duties to their own investors, they said."

https://www.reuters.com/technology/us-securities-regulator-probes-ftx-investors-due-diligence-sources-2023-01-05/

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Post ID: @Vgoz+1jISFLEq

AHAHAHAHAHHAHAAHAH. I can’t blame TB for taking a little risk at crypto but for OTP to invest in it just is just plain poor decision making.

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Post ID: @fhov+1jISFLEq

Prolly no coincidence that Ontario Teacher’s pension plan also invested $95M in FTX.

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Post ID: @2nbo+1jISFLEq

And they probably still think they're super geniuses.

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Post ID: @1uwm+1jISFLEq

You can be sure their LP's are screaming bloody mu---r over their FTX investment- re Riverbed, remember they had many ways to make money, management fees, interest, etc- they for sure got their money back. At least they dodged the Twitter bullet.....

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Post ID: @1mjf+1jISFLEq

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