Last year, the cryptocurrency exchange announced it was closing its San Francisco offices.
for good. This came a year after Armstrong announced the company would go “remote first” and abandon a physical headquarters entirely. Around this time, the CEO personally moved to Los Angeles.
Armstrong shared with the Financial Times that part of the reason why he moved to Los Angeles was because of the recent"techlash" in San Francisco. He told the publication that San Francisco has vilified the people"creating growth" in the city. "The best part about San Francisco to me was this spirit of ‘we can build a better future with technology,’ right?” Armstrong told the Financial Times.
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