The Biggest Failures of 2023: Insights from Lado Okhotnikov on Technological Chaos

Let's delve into the tech startup realm with Lado Okhotnikov's insights on some major failures of 2023.


Cruise's fatal accident, Convoy's bankruptcy, WeWork's downfall, IRL's bot farm scandal, and Byju's meteoric rise and fall serve as powerful lessons for the industry.

From mishaps in autonomous driving to unethical practices and unsustainable growth, these cautionary tales underscore the importance of responsible leadership and strategic planning.

#TechFailures #StartupLessons #BusinessInsights #TechChaos #LadoOkhotnikovInsights.

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  US SEC got into trouble The defeat from Ripple was not the only nuisance for the SEC. Congressman Ritchie Torres requested an investigation into the circumstances surrounding the licensing of Prometheum Ember ATS. Torres suspected that Prometheum was a front company established specifically to support the SEC. Recall that a representative of Prometheum spoke at the hearings in the US Congress as a representative of the crypto business, where he fully supported the SEC policy. The crypto community was outraged, and it turned out that Prometheum had received a license unexpectedly quickly and easily, with no significant business activity. Lado Okhotnikov, CEO Meta Force: The scandal was certainly loud. Frankly, I am surprised. If indeed Prometheum was created specifically for the political backing of the SEC , then this is some kind of clumsy action. Was it not clear that a scandal was inevitable and there would be more troubles than bonuses? If this was indeed an attempt a
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Forget Crypto… Let’s talk about cooking   For several years I live in a mode of constant travel. Europe, America, Middle East, Southeast Asia... I can’t even count how many miles I’ve flown. All I can think about is business, how not to let down those who have trusted us. However... To be honest, I’m still a human being, and I know how to enjoy life. I like to know new places, to get to know people, to know culture. I see the diversity of our world, and I think it’s beautiful. I would like to take my mind off business for a moment and talk about... cooking! You have read it correctly - I am interested to discuss the cuisines of the peoples of the world. When you travel a lot, you inevitably get acquainted with the national culture, and the cuisine is its mandatory element. Some time ago I flew in from Georgia. This is a completely amazing beautiful country with a completely unique culture. There are not many countries and peoples in the world that created their unique cuisine
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  Kuwait banned crypto business   Kuwait, represented by the Central Bank and the Capital Markets Authority, made a radical decision to ban crypto business entirely. Companies are required to stop any activity related to cryptocurrencies: trading, mining, any services. Nationals and Kuwaiti companies are prohibited from Crypto outside the country. Kuwait is not the most significant actor in crypto business, and its actions should not have a impact on the global market, but the motivation of decisions is worrying. The decision to ban crypto business is based on the need to combat money laundering and recently published recommendations of the intergovernmental organization «Financial Action Task Force». Kuwait was not singled out in the area of cryptocurrency laundering, so there was no direct reason for radical measures. However, following FATF recommendations carries significant risks on a global scale. Other countries may join Kuwait, and this will be serious. And if one of
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