I mean Coinbase has been telling people who they are for years - no one should be surprised.
I think we should be more surprised that anyone wants to work for Coinbase, Tesla, etc.
Coinbase is rescinding already-accepted job offers
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Re: Coinbase is rescinding already-accepted job offers
#12Earlier quoted context omitted.
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? https://companiesmarketcap.com/coinbase/marketcap/ https://companiesmarketcap.com/facebook/marketcap/
If looking at percentage of the whole, there are a lot of companies tied for the "win" at ~100%.
Re: Coinbase is rescinding already-accepted job offers
#13CRYPTO IS A FUCKING SCAM
There are so many proper applications of blockchain that could improve humanity and provide value to customers and instead these shitheads create NFTs.
"But the US dollar is fiat" they will say, "what's the difference?!"
Gee, I dunno, the fact that the US Government backs it? All central banks use it? It's the reserve currency of the world? Any currency that isn't backed by a government or was widely used before there was a government (gold, for example) is a goddamn scam and I'm sick of it.
Re: Coinbase is rescinding already-accepted job offers
#14It's nice that they are offering 1 months severance, but still, it's got to be crushing to have an offer rescinded like this.
1 month is no where near enough. Folks probably left money on the table at the previous job to join Coinbase and now are going to be at a significant disadvantage negotiating for their next position.
Re: Coinbase is rescinding already-accepted job offers
#15Coinbase 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 speculati…
Might be a bubble, but I paid off my student loan and a car by investing in bitcoin. I’m certainly glad I ended up on the right side of the bubble.
Re: Coinbase is rescinding already-accepted job offers
#16Coinbase 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 speculati…
>Also the amount of equity sold by the CFO at the public listing indicated little confidence in the long term prospects.
Where do you find this information? I'm really new to this. Is it using stock charts or something similar?
Re: Coinbase is rescinding already-accepted job offers
#17"While we did not make this decision lightly..." Yes but you aren't doing it humanely, either.
I've been through the dot com crash and several hard economic downturns. It really puts your company's humanity on full display. It's the real test.
Preserving cash flow is important. But you also have to do things carefully, openly, and with genuine care for the people who've believed in your vision.
People will respect the hard decisions but not sloppy or careless execution.
Re: Coinbase is rescinding already-accepted job offers
#18Coinbase 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 speculati…
Might be a bubble, but I paid off my student loan and a car by investing in bitcoin. I’m certainly glad I ended up on the right side of the bubble.
Some people also win the lottery. But I would hardly call it a sound investment.
Re: Coinbase is rescinding already-accepted job offers
#19Earlier quoted context omitted.
If looking at % of the whole, and not the amount, Coinbase looks to be the winner here? https://companiesmarketcap.com/coinbase/marketcap/ https://companiesmarketcap.com/facebook/marketcap/
If looking at percentage of the whole, there are a lot of companies tied for the "win" at ~100%.
Oh there's plenty of companies that have lost more than 100% of their value. If you go from a positive value to a negative value (e.g. you have outstanding liabilities that cannot be discharged), that's a >100% reduction in value.
One good example would be old mining companies that went bankrupt. Their value cratered to zero, AND now the corporate overlords that ended up acquiring them are spending neverending millions of dollars spent to clean up Superfund sites decade after decade. There are some liabilities that simply cannot be discharged.
Re: Coinbase is rescinding already-accepted job offers
#20I hope they go under.