Feb. 27 at 2:50 AM
$XYZ Keep in mind, Robinhood employs a little over 2,000 employees at a
$71B market cap and Coinbase employs a little over 4,000 employees at a
$47B market cap. Block had employed 10,000 people at ~
$33B market cap.
Any excuse by Jack Dorsey to claim that the 4,000-staff layoff was due to AI is just fugazi talk. Many know that is false. And industry peers know it and may follow in lock step. That generous severance package is super generous.
$HOOD $COIN
