Tag: Winklevoss Twins

Gemini's Brutal Retreat: 200 Jobs Cut, Three Markets Abandoned as the Winklevoss Twins Fight for Survival

On February 5, 2026, Gemini Space Station Inc. — the crypto exchange founded by billionaires Cameron and Tyler Winklevoss — announced it would slash up to 200 jobs (roughly 25% of its remaining global headcount), exit the United Kingdom, the European Union and Australia entirely, and concentrate its dwindling resources on the United States and Singapore. The restructuring, carrying an estimated $11 million in pre‑tax charges, comes as Gemini's stock has cratered 85% from its September 2025 IPO highs, its global spot market share has shrunk to just 0.1%, and Bitcoin has fallen roughly 40% from its October 2025 peak — a confluence of pressures that has turned one of crypto's most recognizable brands into a cautionary tale of overexpansion.