SoFi tells its crypto customers to liquidate their accounts or move holdings to Blockchain.com by December 19, as it exits crypto due to regulatory scrutiny
or possibly face a big tax bill Mark Matousek / The Information : SoFi Shutting Down Its Crypto Business Jack Kubinec / Blockworks : SoFi shutters crypto trading following Fed regulation X: Matt Walsh...
Internal Brex data: Q3 annualized net revenue hit $283M, up 1% QoQ, and the company is far from profitable, as the growth spurt after SVB's collapse trails away
Mark Matousek / The Information : Bluesky: @caseynewton.bsky.social . X: @coryweinberg Bluesky: Casey Newton / @caseynewton.bsky.social : I wonder if looking back Brex would still decide to stop serv...
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 :
Source: IRL CEO Abraham Shafi has stepped down, following allegations the messaging startup used bots to inflate its user count shared publicly and to investors
Mark Matousek / The Information : Tweets: @martymadrid , @mattschaar , @bryce , @abebrown716 , and @amir Tweets: @martymadrid : This tracks ... I've been following this “company” since 2019 and have ...
Filing: a former employee alleges messaging app IRL inflated its user numbers and retaliated against him and others for raising concerns; IRL has raised $200M
Mark Matousek / The Information : Tweets: @ericnewcomer , @amir , and @amir Tweets: Eric Newcomer / @ericnewcomer : This should not just be shrugged off: Former IRL Employee Alleges Company Inflated ...
Sources: the US SEC is investigating whether messaging app IRL misled investors; IRL raised $170M from SoftBank and others at a $1.17B valuation in June 2021
Mark Matousek / 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 Aislinn Keely / The Bloc...