Ahri's unqualified thoughts #49
Random articles, quotes, videos, musings. Easy to consume content: 1 quote, 1 tweet/storm and 1 article/video.
In today's edition, we feature a tweet regarding FTX & Riot Games, and an article about “X (formerly known as Twitter)” and their supposed success post-Musk acquisition..
1 quote
"You learn to know a pilot in the storm" Seneca
1 tweet/storm
When Riot inked a deal with FTX, many, including myself, viewed it as a financial lifeline for the LCS, but we were also amazed by it because “big boys finally recognize crypto as legit!!” oh boy were we fucking wrong.
However, when the FTX scandal came to light courtesy of daddy CZ, Polygon (the website, not the blockchain) reported, "Riot distances itself from the failed crypto sponsor and its League of Legends-enthusiast CEO.”
Speculation was at ATH about the sum FTX shelled out to affiliate with the leading esports - and it was a whopping $100 million over seven years. At the same time, FTX struck a deal with TSM for $210 million spanning a decade. Since then, SBF has been in jail, FTX destroyed lives, and TSM has exited the League of Legends esports scene, possibly eyeing a team acquisition in another region.
1 article/video
Twitter's quality has notably gone to shit since Musk bought it. Whether discussing gaming or crypto, the platform has become increasingly difficult for my friends and me to navigate.
Despite claims by Musk and Twitter's current CEO, Linda Yaccarino, that the platform's usage is at an all-time high, the numbers seem to tell a different story. TechCrunch has an insightful summary of a report by SimilarWeb, which I'd recommend checking out. TLDR:
Twitter usage was down 14% year-on-year in September.
US Traffic decreased by 19%.
UK dropped by 11.6%.
France went down by 13.4%.
Germany saw a 17.9% decrease.
Musk often touts his success, reminiscent of Trump's famous "We're gonna win so much you're gonna get tired of winning". We saw how that ended.