According to Forbes, the most notable career failures of 2022 include Elon Musk, Kanye “Ye” West and FTX founder Sam Bankman-Fried.
SBF, Founder and Former FTX CEO
some people can never be trusted or look believable again, While others may rebrand themselves or make a strong comeback.
The demise of the FTX cryptocurrency exchange could serve to mark the end of an era, as did Enron and Lehman Brothers. We are currently working to understand what happened at this time on FTX and its larger effects.
FTX is the fall man Bankman-Fried, a crypto wunderkind that was valued at $26.5 billion about a year ago. Currently, he claims to have only $100,000 in cash and may be indicted on fraud charges.
The collapse of FTX drew attention to venture capitalists, pension funds, and asset managers who invested billions in it without a CFO, board of directors, and no transparency about their business strategy, other than revealing controls and a cult of secrecy. Did. Developed by SBF.
Musk, founder and CEO of Tesla, SpaceX and CEO of Twitter
Musk hopes to avoid buying Twitter. He announced on 20 December that he would step down down as CEO Once a new leader is selected, his survey shows that most users do not want him to lead. It’s a good thing.
A case study in terrible leadership, Musk’s tenure has been rocky since the $44 billion deal closed on October 28. positioning himself as a supporter of independence, he has unfair layoff, Insulted users, changed its mind about the policy and froze the accounts of some journalists. It has also threatened to ban accounts or posts promoting competing websites.
As the mistakes mounted, investor concerns grew about Musk’s ability to manage Tesla, an electric vehicle and renewable energy firm, and the other businesses he runs. As a result, Twitter’s revenue plummeted along with Musk’s net worth and Tesla’s stock price.
Kanye (“Yeh”), musician and businessman
In a shocking act of hate and volatility, musician and businessman Kanye West, popularly known as “Ye” ruined his reputationIn 2022, wealth, and enterprise. It all started in October when he appeared at his Yeezy Design presentation wearing a White Lives Matter T-shirt before calling Black Lives Matter “a hoax.”
Additionally, he criticized everyone from artist Lizzo to Pete Davidson, who dated his ex-wife Kim Kardashian. He claimed that LVMH CEO Bernard Arnault was responsible for the cancer-related death of fashion designer Virgil Abloh. But the West’s anti-Jewish tyranny, which included claiming “love” for Hitler and threatening “the death penalty 3 on the Jewish people”, proved to be the tipping point.
Adidas released West despite the artist’s taunts that the company would never do so; It robbed West of his Yeezy brand and his billionaire status. The West is currently becoming more isolated and rejected.
bad moves and lots of money
Despite a series of bad decisions, both Elon Musk and these are still sitting on loads of cash. On the other hand, SBF isn’t likely to have much left after all the legal circus is over, and he may even spend the next few decades in federal prison.
Luck can change in an instant, and in 2022, Yeh, Musk and the SBF saw their fortunes run out. Elon Musk may be ahead as social media evolves, but SBF and he won’t be recovering from 2022 anytime soon!
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