SBF

@SBF_FTX ↗

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Last Checked Nov. 15, 2022

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Wed Oct 13 10:07:26 +0000 2021

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SBF @SBF_FTX

7) So, in theory, you should calculate something like "net revenue" -- raw revenue minus expenses that scale with r… https://t.co/Xt9XGQkS37 — PolitiTweet.org

Posted Oct. 13, 2021

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SBF @SBF_FTX

6) Say that instead, your "revenue" was taker fees, and your "expenses" came from maker rebates. your fee structur… https://t.co/3fZmOnikuJ — PolitiTweet.org

Posted Oct. 13, 2021

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SBF @SBF_FTX

8) So we run into Weird Thing #1: often companies will disguise scaling expenses as fixed expenses, and then VCs wi… https://t.co/1KZ8RfMoyY — PolitiTweet.org

Posted Oct. 13, 2021