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The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.
Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, , Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho
It's a sign that top Silicon Valley executives are embracing a new era of the tech bro. The term "tech bro" has been around for the better part of a decade, but what it means to be a tech bro has changed over time. The metamorphosis of tech bro culture is most apparent in the evolution of founders like Zuckerberg and Jeff Bezos. Musk has made it cool to be a tech CEO and created a loyal fan base that few could rival. The Joe Rogan Experience/YouTubeThough, this kind of tech bro behavior can have consequences.
Persons: Elon Musk, Mark Zuckerberg, AirBnB, Brian Chesky, They've, Dana White, Lex Fridman, Andrew Tate, Tate, Sam Altman, he'd, Jeff Bottari, Bloomberg he'd, bro, , Webster, Zuckerberg, Jeff Bezos, Bill Gates, Steve Jobs, Larry Page, Bezos, Clive Mason, Joe Rogan, Vladimir Putin, Musk, Elon Organizations: Silicon, UFC, Bloomberg, Wired, Merriam, Getty, Twitter Locations: Valley
A passenger told Bloomberg he'd bought 25 tickets, including one with an almost 95% discount. A man bought airline tickets worth $250,000 for just $17,000 after Japanese airline All Nippon Airways made a mistake with currency conversions, Bloomberg reported. Herman Yip, who runs a travel website and lives in Hong Kong, told Bloomberg that he bought 25 tickets at heavy discounts. Yip said that he bought tickets for family and friends as well as for himself. "If you see something that's probably a 10th of the original price, just book," he told Bloomberg.
FTX's Nishad Singh forfeited a $3.7 million vacation home to the US government, Bloomberg reported. The SEC accused Singh of withdrawing $6 million from FTX for personal expenditure. Singh pleaded guilty to six criminal counts including wire fraud and conspiracy charges in February. The Securities and Exchange Commission separately accused Singh of creating a code that allowed Bankman-Fried to easily divert the funds to Alameda. They also accused him of taking $6 million from FTX for personal expenditure and making donations to charity.
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