Sam Bankman-Fried was paid $300,000 in his first year at Jane Street Capital, per Michael Lewis' biography. But the firm bet several billion dollars against the S&P 500 which actually rallied, so it lost $300 million. The most dramatic moment was in the Florida panhandle, which Jane Street called five minutes before CNN, Lewis wrote. "What had been a $300 million profit for Jane Street was a now a $300 million loss," Bankman-Fried told Lewis. Bankman-Fried's spokesperson and Jane Street didn't immediately respond to Insider's requests for comment, sent outside US working hours.

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Persons: Sam Bankman, Fried, Michael Lewis, SBF, —, Jane, Jane Street's, Donald Trump, Lewis, Jane Street, Jane Street didn't Organizations: Jane, Capital, CNN, Service, MIT, Alameda Research, Trump Locations: Florida