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Sam Bankman-Fried, Elon Musk and Mark Zuckerberg named the worst tech CEOs of 2022

FTX crypto exchange founder Sam Bankman-Fried has received the highest score on The Guardian’s list of the worst tech CEOs of 2022. Also on the list are Amazon CEO Jeffrey Bezos and Meta Platforms* CEO Mark Zuckerberg.

The publication gave Sam Bankman-Fried a 10 out of 10 due to the collapse of FTX. Earlier, US prosecutors charged him with eight criminal offenses, and lawsuits were also filed by the SEC and the CFTC.

In November, due to a lack of liquidity, the exchange announced about bankruptcy. On the eve of the bankruptcy, Bankman-Fried withdrew $10 billion of client funds from the exchange accounts to his trading company Alameda Research. In mid-December, the entrepreneur was detained in the Bahamas, after being deported to the United States, he was released on bail of $ 250 million. It was reported that the company spent $121 million in real estate for Bankman-Fried employees and family.

Got it from The Guardian and Elon Musk. The newspaper awarded him 7 out of 10 points. October 28 billionaire closed deal to buy Twitter for $44 billion. Later, he fired the social network’s ethical AI team and implemented a new content moderation policy, which caused dissatisfaction among users.

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The publication also cites the facts of mass layoffs that Bezos and Zuckerberg carried out. The Guardian recalls that at the beginning of the year, Meta* shares collapsed by 23% in one day, and after 9 months, 11 thousand people had to leave the company.

Bezos’s company also made large-scale layoffs; in 2022, Amazon cut 10,000 jobs. In addition, employees of the IT giant claim that the “favorite project” of the head of the Alexa corporation has completely failed.

*Meta is recognized as an extremist organization on the territory of the Russian Federation

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