🥶 Coinbase extends hiring freeze, rescinds some accepted offers

Plus: New York just passed a bitcoin mining ban, 11 creator economy execs explain why they left TikTok, YouTube, and others. And more…

Today’s pick

Coinbase extends hiring freeze, rescinds some accepted offers. Coinbase announced today that it will extend its hiring freeze and revoke accepted offers from some candidates who haven't started their roles yet. The third-largest crypto exchange by volume, Coinbase began to slow hiring two weeks ago, but this… (Amanda Silberling / TechCrunch)

amanda silberling @asilbwrites

Coinbase is rescinding accepted job offers during its hiring freeze... and is informing incoming workers of their job status via email.

techcrunch.comCoinbase extends hiring freeze, rescinds accepted offers – TechCrunchThe third-largest crypto exchange by volume, Coinbase began to slow hiring two weeks ago, but this move is more drastic.

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New York just passed a bitcoin mining ban - here's everything that's in it. Lawmakers in New York just passed a bill to ban new bitcoin mining operations. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it. If it passes, it would make New York the first state in the country to… (MacKenzie Sigalos / CNBC)

nic carter @nic__carter

So NY is now regulating the contents of the data center and has banned a kind of computation (sha-256 hash functions). They’re directly controlling what constitutes a valid use of power

cnbc.comNew York just passed a bill cracking down on bitcoin mining — here’s everything that’s in itLawmakers in New York just passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources.

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11 creator economy execs explain why they left TikTok, YouTube, and other top social brands to join startups. Creator economy startups have been nabbing talent from TikTok, YouTube, and Meta this year. Dozens of staffers with experience at the big platforms have opted to move to smaller companies. Insider spoke to 11 employees about why they left —… (Sydney Bradley / Business Insider)

Sydney Bradley @SydneyKBradley

In 2022, dozens of top talent from platforms like Meta, YouTube, TikTok, and Pinterest have been jumping ship to get on board with #creatoreconomy startups. 🧵 businessinsider.com/creator-econom…

businessinsider.com11 creator economy execs explain why they left TikTok, YouTube, and other big social brands to join startupsTalent has been leaving firms like TikTok, YouTube, and Meta. Insider spoke to former staffers about why they left established platforms for upstarts.

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Why Sheryl Sandberg Quit Facebook's Meta. Sheryl Sandberg's departure from Facebook parent Meta Platforms Inc. came as a surprise even to many people close to the tech giant. In reality, it was the culmination of a yearslong process in which one of the world's most powerful executives… (Salvador Rodriguez / Wall Street Journal)

Sal Rodriguez 🕷 @sal19

For everyone wondering, here's why Sheryl Sandberg quit Facebook’s Meta wsj.com/articles/why-s… with @EmilyGlazer, @dseetharaman, @JeffHorwitz and @KirstenGrind

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Cruise can finally charge for driverless robotaxi rides in San Francisco. Cruise, the autonomous vehicle unit of General Motors, has finally been given the green light to start charging fares for its driverless robotaxi service in San Francisco. The California Public Utilities Commission (CPUC) voted Thursday to award… (Rebecca Bellan / TechCrunch)

Kirsten Korosec @kirstenkorosec

OK, so @Cruise is now able to charge for driverless rides after CPUC approves permit. Lots of details in here by @RebeccaBellan

TechCrunch @TechCrunch

Cruise can finally charge for driverless robotaxi rides in San Francisco https://t.co/CLGpSLumM8 by @rebeccabellan

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