Coinbase is rescinding already-accepted job offers
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Re: Coinbase is rescinding already-accepted job offers
#2Losing over $60 billion in valuation is an impressive feat, makes me wonder if that’s a record or something?
Re: Coinbase is rescinding already-accepted job offers
#3It's nice that they are offering 1 months severance, but still, it's got to be crushing to have an offer rescinded like this.
Re: Coinbase is rescinding already-accepted job offers
#4Losing over $60 billion in valuation is an impressive feat, makes me wonder if that’s a record or something?
Rookie numbers. TSLA moves this much every other week.
Re: Coinbase is rescinding already-accepted job offers
#5Losing over $60 billion in valuation is an impressive feat, makes me wonder if that’s a record or something?
Not by a long shot:
https://www.cnbc.com/2022/02/03/facebooks-232billion-drop-in...
Re: Coinbase is rescinding already-accepted job offers
#6I cannot imagine how upsetting and stressful this would be, especially to individuals depending on work visas to lawfully remain in the country. Severance is some small solace, but wow. Shameful.
Re: Coinbase is rescinding already-accepted job offers
#7Coinbase tried to recruit me last summer. I politely told the recruiter that I felt it was all bubble speculation mania. Also the amount of equity sold by the CFO at the public listing indicated little confidence in the long term prospects.
I guess I was right? Not trying to brag or anything. Just a tip to everyone job hunting I guess. Watch what executives do (not what they say). Well, and human history of speculative bubbles.
I didn't think it was a coincidence Coinbase did a direct listing rather than an IPO, since an IPO has a waiting period for insiders to sell. I think insiders knew they had a limited window of cheap money froth.
Re: Coinbase is rescinding already-accepted job offers
#8Losing over $60 billion in valuation is an impressive feat, makes me wonder if that’s a record or something?
Not by a long shot: https://www.cnbc.com/2022/02/03/facebooks-232billion-drop-in...
If looking at % of the whole, and not the amount, Coinbase looks to be the winner here?
Re: Coinbase is rescinding already-accepted job offers
#9Losing over $60 billion in valuation is an impressive feat, makes me wonder if that’s a record or something?
Rookie numbers. TSLA moves this much every other week.
Look at the % change compared to the total market cap..
https://companiesmarketcap.com/tesla/marketcap/
https://companiesmarketcap.com/facebook/marketcap/
https://companiesmarketcap.com/coinbase/marketcap/
Coinbase seems to still be the "winner" here.
Re: Coinbase is rescinding already-accepted job offers
#10Losing over $60 billion in valuation is an impressive feat, makes me wonder if that’s a record or something?
Masa Son lost $70bn in a single day during the dotcom bubble, which I believe was a record until recently when some crypto guy lost more.