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Coinbase shares pop as CEO Brian Armstrong cuts 700 jobs and blames AI

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at

Coinbase just cut 700 jobs. But Wall Street is liking what it sees. Coinbase shares popped as much as 4% early on Tuesday morning after the flagship US crypto exchange announced it was slashing about 14% of its global workforce in a sweeping restructuring that refocuses the company around…

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