Armstrong tweets in public airing of Coinbase’s internal discontent

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Armstrong tweets in public airing of Coinbase’s internal discontent

The petition was quickly removed, and the number of signatures was not shown, but its list of objections to the Coinbase status quo got a big reaction from the CEO.

A disgruntled Coinbase employee, identified only as 0x58E3, created a petition on on Thursday calling for the removal of three company executives. The petition, titled Operation Revive COIN, has been taken down, but it was captured by the Internet Archive and other websites. Coinbase CEO Brian Armstrong responded to it at length on Twitter. 

Coinbase chief operating officer Emilie Choi, chief product officer Surojit Chatterjee and chief people officer LJ Brock were the targets of the call for removal for “executing plans and ideas that have led to questionable results and negative values.” The author listed eight of their failings in detail. They included the unsuccessful Coinbase NFT platform, rescinding job offers to new employees, mismanagement, creating a toxic workplace and apathy. The petition concluded:

Coinbase shares took a beating on the market in May, along with the entire crypto industry that was hit with instability, leading to concern among shareholders and customers. It was also the subject of insider trading rumors recently.

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