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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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