Coinbase to slash 20% of workforce in 2nd important spherical of task cuts

Key Points

Coinbase is reducing a fifth of its workforce adhering to an 18% workers reduction in June.
CEO Brian Armstrong pointed to current strain on the crypto sector many thanks to “unscrupulous actors in the business,” referring to bankrupt exchange FTX and its founder, Sam Bankman-Fried.
“The FTX collapse and the resulting contagion has established a black eye for the field,” Armstrong states, adding that you can find most likely far more “shoes to drop.”

Supply

Finance

Stocks making the biggest moves after hours: Netflix, Mattel, DraftKings, Intuitive Surgical & more

October 21, 2025

Check out the companies making headlines in after-hours trading. Netflix — The streamer dropped more than 4% after it missed Wall Street’s earnings estimates . For the third quarter, Netflix reported adjusted earnings of $5.87 per share. Analysts polled by LSEG expected $6.97 per share in profit. The company’s revenue of $11.51 billion for the […]

Finance

Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

October 21, 2025

Travis Kelce #87 of the Kansas City Chiefs looks on during warmups before the game against the Detroit Lions at Arrowhead Stadium on Oct. 12, 2025 in Kansas City, Missouri. Jamie Squire | Getty Images NFL star Travis Kelce is teaming up with activist investor Jana Partners in a bid to help reshape the future […]

Finance

One-time penny stock Beyond Meat soars after addition to meme ETF, jumps 60% on Tuesday

October 21, 2025

In this article BYND Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, Beyond Meat’s Beyond Burgers are shown on February 29, 2024 in Chicago, Illinois. Scott Olson | Getty Images Beyond Meat has regained a bit of its meme mojo status, surging 60% on Tuesday. The food company known for its plant-based meat […]