Coinbase, the big cryptocurrency trading platform, announced Thursday it plans to go public via direct listing. That’s when a company directly sells its existing shares on the public markets without raising new capital. A direct listing typically makes sense for companies flush with cash, and that’s likely the case for Coinbase given the rise of cryptocurrencies such as bitcoin. Bitcoin surged...
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Salesforce’s Pretend Co-CEO Arrangement
Marc Benioff has redefined the term co-CEO. As The Information reported earlier today, Bret Taylor, newly named co-CEO of Salesforce, will continue reporting to Benioff, his fellow co-CEO. So instead of the term meaning two leaders on equal terms, it now just means two people who work with each other in a boss-subordinate relationship. At this rate, Salesforce could give the co-CEO label to its...
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