Crypto Company Circle Focuses on Growth After Canceled SPAC Merger

  • 📰 WSJ
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Crypto operator Circle plans to boost its head count by as much as 25% this year, focusing on expansion despite industrywide layoffs

so that public-market investors can re-evaluate the future of digital-assets businesses, he said. “We plan to continue on our path to go public and will take necessary steps to achieve that as soon as practicable,” he said.

“Maintaining our regulatory position of compliant posture, of good relations and most importantly just doing business the right way is critical to our future success,” Mr. Fox-Geen said. Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory Brangan

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ah this crap again. They always do this. They always announce that they're going to expand their workforce but months later they're going to fire them again. Circle has lost billions this year and they are still forcing this when they know that they can't afford this.

Great, another ponzi scheme forges ahead.

that’s a whole 75 people 🤯

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Firehouse Theater Company Stages Cheryl Strayed's Tiny Beautiful ThingsThe director ran into an interesting dilemma when casting the lead role, Sugar.
Source: denverwestword - 🏆 315. / 61 Read more »