FTX’s $500M Loss: Why Selling Its Cursor Stake for $200K Was a Huge Mistake

FTX Exchange gave up $500 million in potential earnings from its early investment in Cursor, an AI-powered code editor. FTX’s financial stakeholders now face the complete loss of their investment in the Cursor entity. The funding round, combined with growing valuation, transformed into a disastrous decision for FTX, which resulted in the loss of investment […] The post FTX’s $500M Loss: Why Selling Its Cursor Stake for $200K Was a Huge Mistake appeared first on Coin Edition.