Coinbase is laying off about 950 people as it aims to slash 25% of costs by the end of next quarter, CEO Brian Armstrong announced in a blog post on Tuesday. The layoffs affect at least 20% of the staff based on the 4,706 employees Coinbase had at the end of the third quarter, as Coinbase first instituted a hiring freeze in May 2022. Armstrong said that he doesn’t believe crypto is going...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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