Sources: IBM has drastically downsized its blockchain team after missing revenue targets by 90%; IBM says the unit is “doing well”
Ian Allison / CoinDesk :
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Discussion
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@coindesk
@coindesk
on x
SCOOP: @IBM has cut its blockchain team down to almost nothing, according to four people familiar with the situation. @IanAllison123 reports https://www.coindesk.com/...
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@maxkeiser
Max Keiser
on x
If @IBM had bought $132 bn in #Bitcoin over the past 5 years - instead of $132 bn of its own stock - it would be the biggest company in the world right now. https://twitter.com/...
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@padresj
Fr. Robert R. Ballecer
on x
Hopefully this ends the “blockchain everything” era. The technology IS interesting & has some genuine use cases, but I won't miss the dark days of getting 100+ emails a week about the latest “blockchain-enabled” oven/toilet/fridge/lamp/shoe/toy/ doodad. https://www.coindesk.com/.…
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@bdsams
Brad Sams
on x
I was told blockchain would fix everything. https://twitter.com/...
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@wolfejosh
Josh Wolfe
on x
It has been so long that I forgot I used to lambast IBM for its fake AI and desperate attempts at modern relevance. https://twitter.com/...
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@timccopeland
Tim Copeland
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IBM “didn't really manage to execute, despite doing a lot of announcements.” Sounds like crypto. https://www.coindesk.com/...
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@aantonop
Andreas M. Antonopoulos
on x
Five years into corporate blockchain copycats and there is not a single meaningful project that has delivered anything. Decentralization is the raison d'etre. Without it, blockchains are pointless and it only took a few $billions for them to figure it out. https://twitter.com/...
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@zachweinberg
Zach Weinberg
on x
This company would have a materially better return on capital if it just liquidated and invested in shitcoins. - IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources https://www.coindesk.com/...
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@chancekelch
Chance Kelch
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🤦♂️ they filed the most blockchain patents though 🤦♂️ https://www.ledgerinsights.com/ ... https://twitter.com/...
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@lopp
Jameson Lopp
on x
Remember “blockchain, not Bitcoin?” 😏 https://twitter.com/...