Reply to Block fires 50% of company, stock up 25%

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[quote=Anonymous][quote=Anonymous]For folks who dont know how Fintech works. The people who work there are most young, energetic and very qualified. Getting let go is a badge of honor and ex-coworkers are in a club.

My old ex very large pre-IPO now very late stage Finttech the ex staff have literally started around 40-50 new start ups and love to hire from my old company regardless if let go.

My old company I would see pictures on line of a company where most of room under 30, trendy, cool, hip and very very hard workers they get snatched up. It is not like a Fed job where letting go of 55 year olds with dated skills that are very Fed specific.

My old Fintech (even though not young), wanted me to set up a big thing very very quickly all by myself in a short time frame that would pass regulatory approval on first shot. I worked at two other Fintechs and one I did exact same thing they wanted done and to be honest I kept everything from prior job.

Those Block folks I am sure did the same      [/quote]

You must be retired now, definitely good to get out early before bubble crashed but fintech has been on a decline since 2022. Just look at Blocks stock price. And then you have the fraud at Frank.  There is no VC money for these imaginary startups.

Trendy and hip in finance? [/quote]

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