Brian Armstrong, founder of Coinbase, photographed for Forbes by Jamel Toppin in January 2020. to be entering a recession after a 10+ year economic boom." Coinbase stock fell 6% in pre-market trading after the announcement and has collapsed more than 85% from a closing high in November. “The actions we are taking today will allow us to more confidently manage through this period even if it is severely prolonged,” Armstrong added. TangentLast week, Armstrong lashed out at employees who reportedly started an online petition to remove top executives in response to a hiring freeze and rescinded job offers.

Source: Forbes June 14, 2022 21:55 UTC