| ▲ | Havoc 5 hours ago | |
Took a quick look at their financials... I reckon this move is related to bitcoin doing poorly. A LOT of their revenue is bitcoin related and I reckon they realized they're going to have an absolute stinker of a Q1 '26 result... | ||
| ▲ | sealeck 4 hours ago | parent | next [-] | |
> I reckon this move is related to bitcoin doing poorly. A LOT of their revenue is bitcoin related and I reckon they realized they're going to have an absolute stinker of a Q1 '26 result... I had to look this up - in the last 12 months total revenue was ~24 billion of which ~8.5 billion was from the Bitcoin "ecosystem"! Truly bizzare to stake your company on this... https://d18rn0p25nwr6d.cloudfront.net/CIK-0001512673/55ca61a... | ||
| ▲ | slantedview 4 hours ago | parent | prev [-] | |
The CEO's last visionary move was to go all in on crypto, even renaming the company. Now he's a visionary again, but firing half the company instead of himself. | ||