In his first job, Sam Bankman-Fried designed a system that called Trump's 2016 win before major news outlets — but the firm still lost $300 million on election night

• Sam Bankman-Fried was paid $300,000 in his first year at Jane Street Capital, per Michael Lewis' biography.
• SBF designed a system that called the 2016 election results minutes before CNN.
• But the firm bet several billion dollars against the S&P 500 which actually rallied, so it lost $300 million.

Before founding FTX, misplacing $8 billion, and pleading not guilty to seven charges of fraud and conspiracy, Sam Bankman-Fried worked at Jane Street Capital.

And he wound up responsible for the quantitative-trading firm's single worst loss, to the tune of $300 million, according to Michael Lewis' biography of the FTX founder.