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An upcoming story about Coinbase

blog.coinbase.com

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Re: An upcoming story about Coinbase

#41

Post by beervirus »

hnracer wrote: post #33
ntsplnkv2 wrote: post #22

> Let’s keep focused on building an amazing company together; we are hitting amazing new records on users, volume and revenue, and we have so much great work to do together. Ignore any potential negativity, everything we do is great, all that matters is revenue, nothing bad ever happens hear, blah blah blah. Don't focus on the bad part, those are all lies! The NYTimes article isn't released so I can't comment on the…

Let's assume that CB is really the entirely innocent and maligned party here. In such a world, how would their response have differed?

They probably wouldn’t have responded preemptively.

Re: An upcoming story about Coinbase

#42

Post by refulgentis »

Damorian wrote: post #28
ApolloFortyNine wrote: post #10

It's really really hard to prove your not racist. If anyone has any clue as how to do so, please share. They could have waited until the story was published I guess to share this statement, but publishing it preemptively makes sense too I believe (it's an always open entity that is incredibly easy to switch away from). But truly, when you get accused of racism, what can you even do?

I don't waste my time trying to appease people who are satisfied with nothing. The mob is more concerned with being outraged then the truth. Best to ignore it, which is where Coinbase made its mistake, imo.

To be fair, you're using a corporate blog post sharing an internal email responding to a story that hasn't been published yet, to jump to a series of unrelated conclusions. Namely, extrapolating that unobserved reactions to a story no one has read are a 'mob', and the 'mob' is 'outraged' instead of being concerned about 'the truth', and it'd be better for Coinbase to ignore it.

It's also striking that this reaction could be addressed at itself.

Stealing this from other posts above, apologies friends: under those assumptions, the disagreement you have with Coinbase's choice to address it is sufficient to negate your conclusion - if there is no mob, and no story, and the corporation is trying to get in advance of it, it's likely the story is damaging enough that they need to, it's not pleading with a 'mob'.

Re: An upcoming story about Coinbase

#43

Post by throwlastone »

hnracer wrote: post #33
ntsplnkv2 wrote: post #22

> Let’s keep focused on building an amazing company together; we are hitting amazing new records on users, volume and revenue, and we have so much great work to do together. Ignore any potential negativity, everything we do is great, all that matters is revenue, nothing bad ever happens hear, blah blah blah. Don't focus on the bad part, those are all lies! The NYTimes article isn't released so I can't comment on the…

Let's assume that CB is really the entirely innocent and maligned party here. In such a world, how would their response have differed?

You respond with specific facts and supporting evidence, not nebulous dismissals, which is how guilty companies respond.

Re: An upcoming story about Coinbase

#46

Post by wilg »

rlt wrote: post #34

Seems like someone at NYT wasn’t happy with Coinbase’s recent rejection of the politicization of the workplace ( https://blog.coinbase.com/coinbase-is-a-mission-focused-comp... )

I would argue that your framing of that situation is itself politicized!

Re: An upcoming story about Coinbase

#48

Post by unityByFreedom »

ntsplnkv2 wrote: post #25
avolcano wrote: post #17

This is an odd thing to see widely published. I'm at a company that had a rather detailed negative article written about us, and we were warned about it internally shortly before it was published, after the reporter had contacted us with details and questions. However, we didn't go public with a reaction until after it was out, since it seemed rather pointless to respond to something that hadn't been published yet, e…

> It is odd to me that they would preemptively go loud on this "This is gonna be really bad, so we need to get out in front of it." That's what it sounds like to me.

Since we're all hip to this strategy these days, I have the same feeling as GP.

Re: An upcoming story about Coinbase

#49

Post by jimmygrapes »

drewbug01 wrote: post #27

Well, the whole press release / internal email smells of a company desperately trying to spin what they expect to be a very, very bad article. But this line jumped out at me twice: > To be specific: Although the story will likely allege that a number of Black employees and contractors referenced in the story filed complaints with the company, only three of these people filed complaints during their time at Coinbase.…

It seems to me that Coinbase is well aware of NYT's recent decline from paper of record to race-baiting propaganda, and knows that instead of being factual about numbers NYT will use weasel words to make it seem like Coinbase's entire company is run by "far right extremist racists" or whatever similar language. Of course, only time and the publication of the NYT article will tell, but given their recent track record I would absolutely not be surprised if it's written as an exaggerated hit piece full of emotional appeal rather than, well, news.
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