Tech Stock Bloodbath, Binance Hacked, The Mansion Section | Diet TBPN
John Coogan and Jordi Hays, dressed as Warren Buffett for Halloween, walk through a sharp tech sell-off, the record $6.3 billion Binance hack, Intel's collapse, and Notch's $70 million Beverly Hills mansion.
The gist
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The Nasdaq fell 3.34% while US GDP grew at a 3.4% rate, beating forecasts, and Google had its worst day on record over AI fears.
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Hackers took $6.3 billion from Binance, far past its roughly $1 billion safety fund; Tether and Circle froze about $3 billion, leaving $3.3 billion.
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Tyler notes Bitcoin fell only about 4%, versus roughly 25% after the 2014 Mt. Gox hack, which the hosts read as more people self-custodying.
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Intel dropped 30% in a day after a poorly received earnings call, now trading at $63 versus a $140 peak.
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DoorDash says AI agents like Muse have placed only several hundred orders, and Reddit says Google's AI mode no longer sends it traffic.
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