What to know:
- Gemini Space Station Inc. has decided that firing its COO, CFO, and CLO is the way to go, with all three departures effective immediately-because who needs continuity when you’ve got a stock price to tank?
- The company’s recent moves include shutting down in the U.K., EU, and Australia (probably because those places don’t have enough people who believe in crypto or have the right accent), cutting 25% of its staff, and pivoting to prediction markets-because nothing says “confidence” like betting on the future while your present crumbles.
- Cameron Winklevoss, co-founder and now part-time COO, will handle responsibilities “in addition to his existing role,” which sounds exciting, like being asked to juggle while walking a tightrope at a corporate retreat.
Gemini Space Station Inc. (GEMI) has made the bold decision to part ways with its COO, CFO, and CLO, which they’ve framed as a “strategic reshuffle.” Imagine that: a reshuffle so aggressive it could double as a dance number in a corporate thriller.
Marshall Beard, Dan Chen, and Tyler Meade are all gone, effective immediately, per the filing. Beard also left the board, though Gemini insists it wasn’t because he disagreed with anything. Or anything anything. The stock? It fell over 10%-a small price to pay for such a thrilling ride of uncertainty.
The timing is, of course, impeccable. Just days after Gemini shut down in the U.K., EU, and Australia, they’re now “refocusing” on the U.S. and prediction markets. Because what the world needs more of is people guessing about the future while their jobs disappear.
Gemini has no plans for a new COO, so Cameron Winklevoss will “assume many of Beard’s responsibilities.” Translation: He’ll now be in charge of revenue, which is like asking a goldfish to manage your retirement fund. Interim leaders? Danijela Stojanovic, CFO since May 2025 (wait, hasn’t that date passed?), and Kate Freedman, interim general counsel. It’s like a game of corporate musical chairs, and no one knows the rules.
Also, at least one APAC staff member was let go. In the world of business, this is called a “strategic move.” In the world of that employee, it’s probably called “ruin.”
Gemini didn’t respond to comments. Maybe they’re busy counting how many ways they can say “interim” in a press release without sounding like a company in freefall.
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2026-02-17 18:39