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Disagreement with Tron’s Acquisition, BitTorrent Inventor And Employees Quit In Protest

Disagreement with Tron’s Acquisition, BitTorrent Inventor And Employees Quit In Protest

It’s only less than a month after Justin Sun, founder of Tron, had acquired BitTorrent and it seems like the employees of BitTorrent isn’t in agreement with Tron’s acquisition and their policies. Reports show that five of the company’s senior employees already left BitTorrent in protest including the BitTorrent inventor Bram Cohen, who started the project nearly two decades ago, following its acquisition by Tron.

TorrentFreak reports that BitTorrent inventor Bram Cohen has made it clear that he has nothing to do with the TRON cryptocurrency. “I have no involvement with Tron,” the report quoted Cohen.

According to numerous sources, these resignations are caused by the disagreement with the course of development that the Tron leadership proposed. Sources say that three employees left on their own, and the other two were fired.

Among those who left, at least two people held executive positions, including the head of the marketing department.

However, other key employees, including the company’s executive director, financial director, product manager and revenue manager, will not be able to leave the company due to a special agreement that is in effect for 18 months from the date of acquisition.

In 2017, Tron completed the ICO, which managed to raise $ 70 million, but later returned the funds to Chinese investors after the relevant decision of the Chinese government.

Many analysts believe that Justin Sun acquired BitTorrent, in the hope of gaining access to an extensive user base (about 100 million active users a month). Others suggested that he thus aims to increase the level of trust in his company.

One of the most probable reasons is the rapid growth of the company. At the moment, the company, which employs about 50 people, is in search of 30 new employees.

Many of BitTorrent employees fear that the culture in the new company will change. BitTorrent is known for its “relaxed” atmosphere. Many employees are also embarrassed by the marketing technologies used by Tron.

Sources: https://www.coindesk.com/trons-bittorrent-crypto-acquisition-departures/

Show 3 comments

August 23, 2018

This is no issue, this is what is needed to inspire growth to bring a company out of a stagnant or negative trend. Management as well as Employee turn over is needed to promote and inspire good health in a company. This is how you know Justin Sun is going to do well.

August 26, 2018

Wiedzmin to taka polska Gra o Tron szkoda ze tak malo odcinkow

August 29, 2018

Embarrassed by Tron’s childish and embarrassing lies? Impossible!


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