Wat
Only 600k revenue?
Read the title of the document
I guess this is your first time looking at an earnings report π
600M
That means they are burning a ton of cash which is not sustainable
Right. Seems that their revenue mostly equals compensation! (Technology and development cost in the document)
Cool, so when are they filing chapter 11 lol
What is general and administrative lol? So much money
From where is the screenshot?
A Coinbase bankruptcy is only a matter of time. Customer assets will belong to creditors when the bankruptcy happens. Coinbase has said that themselves, openly. Get your crypto into your own wallet, now!
Not to worry. They can always sell more stock.
More layoffs?
More than that their revenue fall 1/4th