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Source: Kraken cut ~150 staff after AI tools improved efficiency and its IPO may be delayed until late 2026 or early 2027 due to a drop in digital-asset prices

Bloomberg Olga Kharif

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Discussion

  • @macleod.ee Macleod Sawyer on bluesky
    “improved efficiency” ie, they had a down quarter and are announcing layoffs but need positive press before they IPO