Thursday, 26 November 2020

Crypto exchange Coinbase comments on negative 'New York Times' story that hasn't been published yet

Crypto exchange Coinbase comments on negative 'New York Times' story that hasn't been published yet

The New York Times is (probably) about to publish a story about cryptocurrency exchange Coinbase. But we're not reading about it on the news outlet's website, because Coinbase has taken the highly unusual step of publishing some of the details about the forthcoming story itself, in order to mitigate the damage. 

According to Coinbase's blog post, the NYT will publish the story somewhere between now and Sunday. The article, Coinbase says, will "allege that several Black employees had negative experiences at Coinbase over the last few years."

Coinbase’s expounding of what it thinks the NYT will publish boils down to this: Three former Coinbase employees and a contractor will likely be quoted in the story. The article will allege that the company discriminated against Black employees in the wake of the company’s internal organizational changes that took place in 2018. This year’s Black Lives Matter protests and Coinbase’s discussions around them will also be mentioned. The NYT will allege that complaints were filed from a number of Black employees. Read more...

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