In the last 9 months, Coinbase has negative 4.8B operating cashflow, which is already adjusted for 1.1B of share based comp. I.E. that is cash loss+ dilution of ~6B in 9 months. Net decrease in cash of 5.7B and they are down to 5B of cash and 6.5B of restricted cash. Good job crypto Brian ๐ #tech #Crypto #coinbase
Let's go Brian?
You speak as if every other company is killing it. Itโs a slaughter everywhere. Sure there are questionable decisions but it has to do with everything as a whole
500 million dollar lose for a quarter, lol.
I wouldnโt say itโs Brianโs fault but for sure itโs going into the ground lol
Relax itโs ebitda -100ish, we have years of runway. If crypto not bouncing in 2024, then itโll never will. So whatโs to worry. But if it does? Watch this space
Hope heโs ready to sell his 100 million dollar mansion ๐