2023-10-19
Discord is shutting down Gas, the anonymous compliments app it acquired in January. Discord CEO Jason Citron told employees the company bought Gas, which topped app-store rankings shortly after its 2022 launch, primarily for the team that built it. https://www.theinformation.com/ ...
The Information
Internal message: Discord shuts down Gas nine months after acquiring the app, which let users anonymously compliment friends and had ~1M DAUs in October 2022
Mark Matousek / The Information :
2022-05-24
Coinbase is testing real-time employee feedback software invented by Ray Dalio's hedge fund, Bridgewater. Meanwhile, Coinbase is projecting 10%-20% of its workforce will depart this year for performance-related reasons. https://www.theinformation.com/ ... via @theinformation
The Information
Sources: Coinbase is testing an app from Ray Dalio's company Principles that lets staff rate each other on how well they exemplify Coinbase's 10 cultural tenets
often a terrible idea, but occasionally game-changing! We should all thank Coinbase for their service 😅 https://twitter.com/... Emma Jacobs / @emmavj : Coinbase lets employees eval...
2022-05-20
Coinbase is freezing hiring for 2 weeks and aiming to cut its cloud spending, according to internal emails viewed by The Information. It's also giving employees more stock grants to offset declines in its share price. w/@aidanfitzryan https://www.theinformation.com/ ... via @theinformation
The Information
Sources: Coinbase is pausing new projects, freezing hiring, cutting costs, and giving staff more stock grants after its stock fell 75%+ in the past six months
Good morning, and welcome to Protocol Fintech. Michael Bellusci / CoinDesk : Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report Aisl...