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Re:Coinbase lays off around 1,100 employees by anonporridge on Tuesday June 14, 2022 @05:53PM (#31746529)
This means that if your business grows to a multi billion dollar valuation, you are reward for your success by immediately losing controlling share of your business.

This might mean that motivated found might work less hard to make their businesses as competitive and big as possible, and could slow down the pace of innovation.

Re:Coinbase lays off around 1,100 employees by cwkoss on Tuesday June 14, 2022 @05:57PM (#31746576)
The world would be a better place with fewer monolithic walled gardens. It would encourage CEOs to build $999M businesses that interoperate with other businesses on the free market rather than acting like a cartel controlled within a single organization.