Free Republic

Brian Armstrong is poised to become one of the richest people in the world after Coinbase Global Inc. goes public Wednesday. Coinbase, co-founded by Mr. Armstrong in 2012, runs the largest bitcoin exchange in the U.S. and is set to become the first major cryptocurrency-focused company to go public in the country. It is expected to fetch a valuation of between $65 billion and $100 billion, which could make Mr. Armstrong’s 20% stake worth up to $20 billion. That would put the 38-year-old chief executive among the 100 wealthiest people in the world, based on Forbes’ most recent billionaires list.

Every once and awhile, leftists reveal their anti-capitalist ideology for all to see. Such was the case with former Twitter CEO Richard Costolo on his Twitter account last night. News had broken that digital currency exchange Coinbase CEO Brian Armstrong had "discouraged employee activism and political discussions at work.” This set Costolo off on an anti-capitalist rant in a discussion with another Twitter user. Costolo wrote in response to Armstrong: “Abandoning the social contract with employees in favor of a purely economic contract in the guise of ‘championship team’ bs makes you a bank with a mission nobody really believes....

Former Twitter CEO Dick Costolo recently tweeted that “me-first capitalists” who disagree with injecting political activism into their workplaces will be “the first people lined up against the wall and shot in the revolution.” The company has not commented if the tweet by Costolo, who has an estimated net worth of $300 million, violates its policies against glorifying violence. In a recent tweet, former Twitter CEO Dick Costolo discussed a decision by Brian Armstrong, the CEO of the cryptocurrency firm Coinbase, to not promote political activism and social justice within the company. Armstrong’s comments fly in the face of ultra-progressive...