Share this article

From One to Zero: BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance

Peter Thiel’s monopolistic theories about building companies have clearly hit their limit: banking.

Updated Jun 14, 2024, 6:29 p.m. Published Jul 1, 2022, 5:44 p.m.
Subsidizing shadow-banking yields turns out to be a really, really bad idea. (Getty Images/wakila)
Subsidizing shadow-banking yields turns out to be a really, really bad idea. (Getty Images/wakila)