TC 🌵

@brian_armstrong I’m so glad I was unsuccessful depositing money to a new account a few years ago because you guys literally had zero customer service to help. What a horrible company!

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian

@SenWarren Congrats Pocahontas on bankrupting an airline! Your communist bullshit occasionally works.

In the richest country on Earth, no one should have to sell their blood to afford groceries and rent. No one should have to ration lifesaving medicines because they can’t afford them. Republicans have taken a broken system and made it a whole lot worse.

@CaptMarkKelly You should write a playbook on how to go from American hero to one of the biggest douchebags in government. Nobody believes a word you say.

I don’t trade stocks, don’t take corporate PAC money, and publish my official schedule for all to see. Americans deserve transparency and accountability. I’m fighting to make this the standard in Washington, so there’s never any doubt your leaders are working for you.

@GregAbbott_TX Let’s bus those terrorists up to New York where they are welcome.

@DougPolkVids Awesome news!

@Riffraff3232 He wouldn’t be in as much trouble if he’d just spent $$ on hookers and blow.

So you pay these players, buy them Lamborghinis, don’t make them go to class… And that’s still not enough. They want to go out with inside info and gamble… They better throw the effing book at this kid… usatoday.com/story/sports/n…

@DFWscanner Why is there a higher population of idiots than there used to be?

This was the scene last night at FM 51 and Highway 114 as drivers blocked the road to park underneath the Highway 114 bridge to avoid hail from hitting their vehicles. They blocked a major interchange just a few miles away from two separate tornado touchdown areas, potentially delaying emergency response and leaving other drivers stranded with nowhere to go. If you encounter hail or severe weather: • Keep moving if it’s safe to do so • Exit the roadway and find a safe, off-road location • Avoid stopping in travel lanes or blocking emergency routes Your vehicle can be repaired or replaced. A blocked roadway can cost lives. Thanks to Elbia Ortiz for sending us this photo.

@EricLDaugh 🚨 BOOM! Absolutely nothing will happen to her.

🚨 BOOM! Ilhan Omar now has 10 DAYS to provide documents on her involvement in a huge Somali Feeding our Future fraud scandal to the Minnesota House Fraud Prevention and State Oversight Committee She tried to obstruct. PROSECUTE AND DEPORT!

@FoxNews Carry it out the day after appeal process has exhausted. No more living years on death row.

BREAKING: Justice Department announces it's readopting the firing squad as a means of execution

@ScottPresler I’m working on convincing 6 “happy hour” friends to fire worthless Cornyn.

If you don’t live in Texas, but will help us DEFEAT John Cornyn — if the SAVE America Act isn’t passed by the end of April — please sign up for our newsletter at EarlyVoteAction.com

@Jim_Jordan @elonmusk Whatcha gonna do about it? Hold another hearing to promote yourself?

SPLC = fraud ActBlue = fraud California Medicare = fraud Minnesota daycares = fraud FireAid = fraud What's next?

@SenSchumer Go throw some cheese on a frozen hamburger you fuckin’ retard!

The Trump administration is waging a vindictive campaign against the organizations that safeguard our democracy.   Weaponizing the DOJ to indict long-standing watchdogs is a message: if you defend voting rights, fight white supremacy, or protect civil rights, you’re next.   This is an assault on the institutions that make freedom real for everyone. They will not succeed.

@CBSNews @PressSec What’s a “migrant “? I think you mean illegal alien.

During the Biden administration, CBS News saw hundreds of migrants cross into the U.S. illegally near the Texas border city of Eagle Pass. Today, CBS News' Camilo Montoya-Galvez returned to the same location and found a very different situation – not a single migrant.

@JaredSandler It didn’t matter but Smith should’ve had a stand-up triple. I guarantee he didn’t run hard.

Josh Smith's first XBH of the season is a double into the wind that scores Joc Pederson to tie the game.

@libsoftiktok Fucking animals need to be put down

BREAKING: Police arrested Davy Spencer for the murder of U.S. Marine Daniel Montano in North Carolina. Spencer has a long criminal history going back three decades with dozens of prior charges and arrests WE SHOULDN’T HAVE TO LIVE LIKE THIS

@PokerNews @LodgePokerClub Gambling is illegal in Texas but they allow the Oklahoma casinos to air their commercials constantly. I’ve always wondered if the corrupt politicians would allow states with legal weed or prostitution to advertise in Texas.

No criminal charges were filed at the 30-day asset forfeiture deadline against @LodgePokerClub, but the state of Texas will retain possession of The Lodge's money/assets. Here's why: pokernews.com/news/2026/04/l…

@kennlandry I’m happy they dropped the worst uniforms in history but they spelled Texas wrong!

**invisible ink** i love the new city connects mlb.com/news/rangers-r…

@libsoftiktok When there’s only one dissenting judge, you can bet your life’s savings on the DEI hire!

BREAKING: The Supreme Court just ruled 8-1 in FAVOR of a Christian counselor, stating that a Colorado law banning counselors from correcting children's gender identity delusions was UNCONSTITUTIONAL. Ketanji Brown Jackson was the ONLY dissenting judge.

@NBCNews Another dangerous side effect of DEI

BREAKING: House panel finds Rep. Sheila Cherfilus-McCormick guilty of 25 ethics counts after she was charged with stealing millions in FEMA. nbcnews.com/politics/polit…

@ScottPresler The Senate slaps us in the face every day. I expect nothing different

It would be a complete slap in the face for the Senate to take a paid vacation, while tens of thousands of TSA agents still aren’t receiving paychecks. NO RECESS!