Remember the celebrities who took money from the companies to promote low-information investing? They're still rich, but they've been very quiet since the industry they're in has tanked.
The New York Times notes that not a single one of the celebrities who did cryptocurrencies ads earlier this year has said anything since its cumulative valuation went straight to hell.
The director of an FTX ad that features David admitted that the actor doesn't own a computer.
I don't think we have anything to add as we have no idea how it works. We are going to make a funny commercial.
Besides David, there has been no peep from his fellow celebs that the NYT reached out to.
The University of Chicago's Giovanni Compiani studies the way younger and lower-income investors tend to be overly optimistic about what they're buying into.
Compiani told the Times that people are investing in real money.
Amen to that.
All those celebrities are not so vocal now.
Dogecoin creators say 70 percent of their investors are complete morons.
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