Respectability used to be a requirement for leaders in business and public life. In the age of social media, that’s changing.
When the ledger is drawn up on the tech revolutions of the last thirty years—the internet, smart phones, social media, crypto—the losses are generally outweighed by the gains. It’s hard to deeply regret the disappearance of department stores, CD players and checkbooks when we have Amazon , Spotify and Apple Pay.
The decline of respectability as an ideal has been at the center of two tech-world sagas unfolding in recent weeks: the collapse of the crypto exchange FTX and Elon Musk’s tumultuous takeover of Twitter. In this context, the most telling detail in the FTX saga doesn’t have to do with dubious tokens or suspicious accounting. Rather, it involves League of Legends, the massive multiplayer online game that is a favorite of FTX founder Sam Bankman-Fried.
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