from Patrick McKenzie | by Patrick McKenzie

Patrick McKenzie


about 1 year ago

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This follows some pretty interesting gamesmanship by both sides during the bidding process, with Voyager saying that FTX had submitted a stink bid and FTX saying LOL you think you have enterprise value.

Stink bid is a term of art meaning that one could not reasonably believe that is the price something would go for if it is fairly valued.

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