🚨 Massive Leaving of Base Team There's news of a large number of Base team members leaving. It's unclear whether these are layoffs or voluntary departures, but it's said that a significant number are leaving Coinbase entirely. Summary of community reactions: • The dominant view is that the failure of the creator coin/$ZORA push was blamed on the company. • Analysis suggests that the layoffs were part of the SocialFi → trading/DeFi pivot. • Rumors are circulating that the entire Super Bowl ad team has been laid off. • Many criticize Jesse Pollak's leadership. • Some see this as "a positive development, correcting a wrong direction." If those who pushed for creator coins are let go and the company shifts to DeFi, the direction itself might not be bad. However, the mass departure from the team seems to be a cause for concern in the short term. Tweet
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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