Samitha De Silva

AI | Tech | Equity Markets
💻📈💸💰

[Samitha De Silva @Samithads]

@riswanmim85 @BuhardeenImtiaz Inshallah

[Samitha De Silva @Samithads]

@Mahesh919_ @erangatennakoon It’s the bottle neck theory. We need a flyover in maharagama !

[Samitha De Silva @Samithads]

@BuhardeenImtiaz Provided that the govt. procures fuel at decent prices. Not pay exorbitant prices.

[Samitha De Silva @Samithads]

@UpaliTennakoon2 Do you have an updated chart?

[Samitha De Silva @Samithads]

@IronOneTech Can we get a filter button to sort by turnover in the mobile app? @ATradOnline @IronOneTech

[Samitha De Silva @Samithads]

@IronOneTech Can we get a filter button to sort by turnover in the mobile app? @ATradOnline @IronOneTech

[Samitha De Silva @Samithads]

I have been using ATrad for a few years now and the new mobile app.

I have noticed a few UI & UX issues, I am going to create a thread below hoping. @IronOneTech would fix them.

Let’s see how it goes.

[Samitha De Silva @Samithads]

Found a bug 🐛 When you buy a stock and refresh your portfolio, buying power doesn’t update but the new stock values do. You have to close and reopen the portfolio popup to see the correct buying power. The refresh function isn’t syncing all data consistently.

@IronOneTech @ATradOnline

[Samitha De Silva @Samithads]

Adapt or get left behind

[Brian Armstrong @brian_armstrong]

This is an email I sent earlier today to all employees at Coinbase:

Team,

Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.

Why now
Two forces are converging at the same time. We need to be front footed to respond to both.

First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.

Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.

All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.

What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?

- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.

- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.

- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.

In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.

To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.

All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.

To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.

Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.

How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:

Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.

The Coinbase that emerges from this will be more capable than ever to achieve our mission.

Brian

[Brian Armstrong @brian_armstrong]

This is an email I sent earlier today to all employees at Coinbase:

Team,

Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.

Why now
Two forces are converging at the same time. We need to be front footed to respond to both.

First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.

Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.

All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.

What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?

- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.

- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.

- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.

In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.

To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.

All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.

To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.

Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.

How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:

Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.

The Coinbase that emerges from this will be more capable than ever to achieve our mission.

Brian

[Samitha De Silva @Samithads]

Oh Damn! What is your favorite flavor by London Dairy? Mine is Tiramisu and the Raspberry Sorbet!

[Financial Times @FT]

Dubai food conglomerate IFFCO set to go into provisional liquidation https://t.co/eL9N4IvHrQ

[Dr Sumit Sharma @dr_sumit_sharma]

The foundation (most important)

→ Fasting insulin
→ Fasting glucose

Now combine them:

HOMA-IR = (fasting insulin × fasting glucose) ÷ 22.5

[Samitha De Silva @Samithads]

@Channa_Amare @CSE_Media This is a bigger concern than Janashakthi preferential allocation !

[Samitha De Silva @Samithads]

@samarajiva Wouldn’t FTA’s help ? Specially China and Thailand?

[Samitha De Silva @Samithads]

@hbytwo @Keells_SL When you walk into some Keells, it’s already stuffy and hot. The AC’s are at bare minimum.

[Samitha De Silva @Samithads]

@doubledescent0 I need to try this feature!

[Samitha De Silva @Samithads]

@Dimuth_1972 Seriously 56% in a day is not enough ?
Have you looked at the recent performance of all the new IPO’s?

Maybe refer to the screenshot below.

[Samitha De Silva @Samithads]

Highest traded value is Rs. 15.5!
Most volume traded at Rs. 14.
Decent return in 3 weeks.
Closing price was Rs. 13.6

[Samitha De Silva @Samithads]

Everyone being upset about @JXGGoup IPO giving preferential treatment but if the share does 50% on opening day everyone is going to forget it!

Just like when @cal_lk gave preferential treatment to employees ! It did 100% on opening day.
I remember people people putting negative Google reviews as well 😂

JXG is a huge IPO tho.

@CSE_Media

[Samitha De Silva @Samithads]

@Channa_Amare @AsithaChandimal The soft drink and energy drink market is too saturated now.

[Samitha De Silva @Samithads]

@CseStonks Him back in, I meant SLPP

[Samitha De Silva @Samithads]

This is the beginning of his campaign. His comeback from 3% to 50%?

[ARUNI @aruni_t]

Namal’s entire election campaign will be this and the NPP have essentially handed it to him.

[Samitha De Silva @Samithads]

@CseStonks Hope for the best?
My biggest worry is the 6.9 mn that voted Gota voted for NPP. Now will they vote him back in?