💬 Quoted…​​ “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.”

• New FTX CEO John Ray, who also led the restructuring of Enron following its collapse, revealed in a bankruptcy filing yesterday that the crypto exchange lacks adequate accounting, HR, cybersecurity, and auditing teams. He also condemned founder Sam Bankman-Fried and his management team for what Ray described as lackadaisical controls on systems and regulatory compliance.

📖 Stat of the Day: Some 500 words were added to the official Scrabble dictionary by Merriam-Webster yesterday for the first time since 2018. Notable examples include subtweet, adorbs, matcha, vax, and zonkey.

🤯 Did You Know?... In traffic crashes, motorcyclists are killed almost 28x more frequently than occupants of passenger cars, per NHTSA data from 2020.

📖 Worth a Read: The inside story of how Facebook designed the like button—and made social media into a popularity contest → (Fast Company)