Unnamed sources claim that Taylor Swift was in talks to strike a $100 million deal with now-defunct cryptocurrency exchange FTX. The partnership would have included FTX sponsoring Swift’s tour. However, FTX’s founder, Sam Bankman-Fried, ultimately decided not to pursue the deal, leading to the cancellation of the concert. Swift’s team was disappointed by the outcome. Swift was advised to conduct extensive research on the industry and ensure compliance with securities legislation before accepting any offers. She heeded this advice and her financial expertise was praised. Swift did not decline the opportunity to endorse FTX, but rather, she was surprised by the withdrawal of support from Bankman-Fried.
Key Points:
1. Taylor Swift was in talks for a $100 million deal with FTX.
2. FTX’s founder decided against the partnership, leading to the cancellation of Swift’s tour.
3. Swift was advised to conduct due diligence on the industry and comply with securities legislation.
4. Swift’s financial decisions were praised, but she did not decline the endorsement opportunity.
5. Swift was surprised by the withdrawal of support from Bankman-Fried.
Hot Take: Taylor Swift’s involvement in the cryptocurrency industry could have been a lucrative venture for her, but ultimately, the deal fell through due to FTX’s founder deciding against it. Swift’s financial expertise and due diligence were recognized, but it is unfortunate that the partnership did not materialize.
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