Yahoo Finance's Allie Garfinkle joins the Live show to break down the reasons why Twitter, Redfin, Coinbase are among the latest companies to rescind job offers.
There have been two distinct waves of tech layoffs amid COVID-19, according to Layoffs.fyi creator Roger Lee.
It hasn't been an easy year for Coinbase Global (NASDAQ: COIN). The innovative company has a "first mover" advantage in the nascent cryptocurrency industry and serves as a "stand-in" with institutional investors, which worked in its favor while the price of Bitcoin (CRYPTO: BTC) and other cryptocurrencies surged in late 2020 and through 2021. Binance.US announced it will eliminate trading fees on Bitcoin, in a move reminiscent of traditional brokerages eliminating commissions on buying and selling stocks over the last few years.