The trust in one of tech’s most famous leaders is hitting a new low, and it is dragging his crypto project down with it. On Tuesday, Worldcoin fell nearly 3% to a price of $0.24. This dip happened after a massive investigation from The New Yorker accused Sam Altman of being dishonest. The report features interviews with over 100 people, including senior leaders at Microsoft (MSFT), who compared Altman to famous fraudsters like Bernie Madoff and Sam Bankman-Fried (SBF).
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Personality Report Creates a Trust Crisis
The 15,000-word article paints a dark picture of how Altman handles his business deals. According to an unnamed board member at OpenAI, Altman has a habit of deceiving people without worrying about the fallout.
Leaders at Microsoft allegedly told reporters that Altman repeatedly went back on his word and misrepresented their agreements. This has led to a growing shadow over his reputation. Even Elon Musk weighed in on social media, writing that Altman is not the right person to lead the future of super-smart AI. These attacks on his character are making investors nervous about the projects he helped start.
OpenAI’s Money Troubles Slow Down Growth
The investigation comes at a time when Altman’s main company, OpenAI, is already struggling with its finances. The company’s CFO, Sarah Friar, reportedly warned that they aren’t ready for their planned 2026 stock market launch.
Revenue is growing more slowly than expected, yet the company is committed to spending over $600 billion on servers through 2030. Rather than fixing these issues, reports suggest Altman has pushed Friar out of important money talks. This change in how the company is run is raising big red flags for people who were planning to invest in the company’s future.
Worldcoin Token Supply Adds More Pressure
For people holding Worldcoin, the bad news about Altman is only part of the problem. The token is already trading near its lowest price ever, with a total value of about $790 million.
A massive event is coming on July 23, when more than half of all Worldcoin tokens will be released into the market. This huge unlock usually causes prices to drop even further because there are suddenly so many more tokens available to sell. Between the lack of trust in its founder and the upcoming flood of new tokens, Worldcoin holders are facing a very difficult few months.
Is Microsoft a Buy, Sell, or Hold?
According to TipRanks, MSFT stock has received a Strong Buy consensus rating, with 34 Buys and three Holds assigned in the last three months. The average Microsoft stock price target is $582.17, suggesting a potential upside of 56.13% from the current level.
