Sneaker resale site StockX laid off 8% of its workforce on Tuesday as inflation and economic uncertainty hurt consumer spending, the company confirmed. StockX has more than 1,500 employees, so the 8% implies a cut of around 120 people. “The macroeconomic challenges currently impacting our global economy continue to affect consumer behavior, and hit businesses of all shapes and sizes. StockX is...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase

Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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