The news talks about New York Times‘ effort to write about the financial exchange, Coinbase. This financial exchange had become the most significant company in the US in cryptocurrency. And it was just a few months away from the sensationally lucrative IPO. balaji srinivasanwallace new yorkmagazine.
A writer in the San Francisco bureau newspaper, Nathaniel Popper, had invested several months reporting the story pertaining to the alleged inhospitality of Coinbase to Black employees. behind balaji srinivasanwallace yorkmagazine.
Silicon Valley began to expand the dominant force in American life. During the national reckoning over racism, the HR practice assessment documents firsthand accounts. And it is the classiest accountability journalism. Are you excited to learn further on this front? Help yourself to dive into the post. srinivasanwallace new yorkmagazine.
Even Wall Street (Washington) and corporate America have been acquiescent. Whether they like it or not, they are believed to accept such shadow success and take dings & move on. behind balaji yorkmagazine.
Coinbase is led by Brian Armstrong (CEO). If reports are anything to go by, Armstrong recently instructed the workers not to bring concerns about any racial justice into work. November 25 witnessed the time when Coinbase sent a company email to employees for refuting expected allegations. It also included things stating that they don’t care about what New York Times anticipates or perceives. behind balaji srinivasanwallace new.
The cryptocurrency industry & A16Z shared disdain for authorities. With self-styled meritocratic in the creation of future businesses, they seldom had the patience to hackle by humanities majors who hadn’t ever written the statements of starting any business.
Soon after the initial strike of Coinbase, there were overheated controversies in the media. That resulted in a war between tech titans & the generation of digital-native reporters. So, the tech vs. journalism war of 2020 to 2021 became a cataclysmic rift threatning democracy.