Coinbase layoff 18%
1 month ago on the earnings call Brian was talking how they will continue to invest and expand. 1 week later freeze, 3 weeks later rescinded offers, now layoffs. The C-suite is absolutely clueless. I think these people got really lucky with timing and the FED pumping liquidity. https://www.cnbc.com/amp/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html
Crypto is dumb
House of cards falling 📉
Clueless idiots running a business based on a ponzi scheme. What else can you expect
Wouldn’t necessarily call them idiots tho. It was a very successful scheme for those at the top, they made a shitload of money, even if everything burns to the ground today.
Classic crypto story. From the coins to the NFT collections to the companies themselves. It's part of the ethos
If anyone thinks crypto is anything more than Ponzi scheme then good luck to them!
Thanks but don't need luck; have a ton of crypto so have already lucked out for life ;) Bought when blind told me to buy and everything was a few bucks.
I doubt Charles Ponzi would’ve invested in Coinbase
Clueless or reacting to changes in the market? No one can predict the future, not even c suite lol.
It’s an entire business built around crypto. Of course it’s going to attract clueless people at all levels.
Probably a bad time to be running those “Crypto is dead” ads.
What ad ? Never seen it
Armstrong seems like an awful leader.
More like "Armweak" amirite??
He makes even Jack looks not completely clueless
Just buy puts
Bought mine yesterday 😊
Let’s see how the market reacts at open today