Jack Dorsey's Flailing Crypto Business Is Laying Off More Than 900 Employees
For the past few years, the financial technology sector has had it made. Between 2018 and 2023, the rapidly growing "FinTech" industry rose to over $39 billion in revenue, with projections to hit over $1.5 trillion by 2030. FinTech is generally any company offering technology to other companies like banks, insurers, or investors. FinTech also encompasses services for individual users, like the payment platform Venmo, and, increasingly, crypto, which has rapidly become a multi-billion dollar industry. But with crypto comes risk. A lot of risk. Despite some FinTech tycoon's promises that crypto will enable "infinite growth," some companies are brushing up against […]
Link :
https://futurism.com/jack-dorsey-block-layoffs