Coinbase is laying off 1,100 employees as Bitcoin prices continue to fall

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In February, Coinbase gave away money in a Super Bowl ad.

Email our reporter at corin@theverge.com or reach us on Signal at 412-401-5489.to an employee petition calling for the removal of Coinbase execs, calling it “really dumb on multiple levels” and encouraging employees unhappy with the situation or proposed solutions to quit.

considering a drop in activity in the overall marketplace and which has failed to catch on among people who trade in the digital tokens.that company executives, including Armstrong, his fellow co-founder Fred Ehrsam, president and COO Emilie Choi, and CPO Surojit Chatterjee had netted $1.2 billion in share sales since Coinbase’s IPO in April 2021. The company’s shares opened at a price of $382 and are currently trading at about $52.

 

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More to come 😏

Lol Bitcoin will bounce back and Coinbase will seem foolish

Another cryptocurrency boom and bust and this is best stock graphic I've ever seen and it's not great.

ok but also: what are 1000 people doing at coinbase? like, they hired them. what did 1000 people do all day? I almost feel bad for them. Almost.

Crypto was always a fad. cancledcrypto

How's the staffing in bookie parlors these days?

Crypto in the mud

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