The old joke is that “journalistic ethics” is a contradiction in terms. The New York Times is doing its best to prove it true this week, with its bizarre showcasing of Sam Bankman-Fried, the fallen founder of blown-up crypto exchange FTX, at the paper’s exclusive Davos-style summit in Manhattan featuring “icons of business” and “changemakers” for their “influential minds” and “powerful insights.”
The Times invited Bankman-Fried, the 30-year-old tech-bro wunderkind known colloquially as SBF, to speak at its DealBook Summit before his Bahamas-based cryptocurrency empire, once valued at $32 billion, imploded, filing for bankruptcy in early November.
Companies fail, of course, and there’s no shame in that. Taking risk has both its rewards and its downsides.
