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The Dow Jones Industrial Average rose Wednesday ahead of the Federal Reserve's minutes. Tesla stock raced higher on an upgrade. Read More...

American City Business Journals

Coinbase CEO Brian Armstrong cites S.F. ‘techlash’ as reason for closing its HQ

In a recent interview with the Financial Times, Coinbase (NASDAQ: COIN) founder and CEO Brian Armstrong revealed one of the reasons for his company’s contentious exit from San Francisco. Armstrong pointed to a “techlash” he said was ruining San Francisco, where people creating growth were vilified, according to a paraphrase of his words by the FT. While Armstrong moved to L.A. personally, his company went “remote-first” last year and eliminated its former S.F. headquarters office entirely.

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