Coinbase filed to go public via a direct listing of its shares, revealing that its revenue more than doubled to $1.277 billion in 2020, translating to a profit of $322 million compared with a loss of $30 million in 2019. The company finished December with cash of $1.06 billion. CEO Brian Armstrong warned, however, that Coinbase’s financial performance would be volatile “given the price cycles...
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Exclusive from The Electric: GM’s New CTO Exits After One Month In the Job
General Motors’ chief technology officer, Gil Golan, is leaving the job after one month, according to an internal company memo distributed today, parts of which were seen by The Electric. Golan’s departure, effective Nov. 1, comes one week after a profile in The Electric in which he described a plan to aggressively expand the company’s work in batteries, create a “dream team” of battery...
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