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Gemini Exec Exodus Sparks 13% Stock Plunge as Winklevoss Assumes Control

Gemini Exec Exodus Sparks 13% Stock Plunge as Winklevoss Assumes Control

Published:
2026-02-18 08:53:02
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BTCCSquare news:

Gemini Space Station’s stock (GEMI) tumbled 13% to near-record lows at $6.50 after a regulatory filing revealed the abrupt departures of COO Marshall Beard, CFO Dan Chen, and CLO Tyler Meade. Co-founder Cameron Winklevoss will absorb operational duties, while interim appointments fill legal and financial roles.

The exits coincide with drastic cost-cutting: 25% staff reductions and withdrawal from UK, EU, and Australian markets. Despite projecting 2025 revenue growth to $165M-$175M, operating losses could balloon to $600M amid $530M in expenses.

Monthly active users grew 17% YoY to 600,000—a rare bright spot as investors weigh leadership instability against scaling challenges in competitive crypto markets.

|Square

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