| ▲ | glitchc 20 hours ago |
| As per the article, he formed a trading company without any background in investing, and once his investments tanked, he sold the stocks for pennies on the dollar to a financial firm, leaving investors holding the bag while pocketing trading fees associated with a $45B USD portfolio. |
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| ▲ | like_any_other 20 hours ago | parent | next [-] |
| How is effective altruism related? I skimmed their wiki page [1], but didn't find anything endorsing such actions. [1] https://en.wikipedia.org/wiki/Effective_altruism |
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| ▲ | kimixa 20 hours ago | parent | next [-] | | No, but to most people the only exposure they've had to the term "Effective Altruism" (if they've even heard of the it) is morality-washing personal greed that never quite seems to get past the "accumulation" or "self-serving boondoggle" stages. As a brand it's tainted. You might argue unfairly, but that's never mattered in "public brand perception" before. | |
| ▲ | glitchc 20 hours ago | parent | prev [-] | | Sam Bankman-Fried is an effective altruist (or was anyways, not sure what he is after they denounced him). The list of effective altruists reads like a who's who of scummy people. https://www.wired.com/story/deaths-of-effective-altruism/ | | |
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| ▲ | simianwords 20 hours ago | parent | prev [-] |
| bad ethics is when you run a company in free market transparently and don't have a monotonically increasing revenue? |
