Coinbase stock
The valuation looks attractive but the recurring quarterly losses threatening. Coinbase MC is $8.6B with $5B cash on hand however Coinbase burning about $1Billion/quarter (losses) Crypto volumes are shrinking ,definitely hard time for Coinbase in coming days.
Employee are still writing their TC in millions.. so they will probably be done by this crypto winter
Millions for VPs and execs. 🥜for ICs
Good
Still overpriced IMO
Blackrock, any intel on why bond investors foresee a bankruptcy here?
Coinbase will file for bankruptcy in 2023. Hopefully, an orderly bankruptcy. Exchanges based outside the US, or those like Binance that don't reveal their HQ, will go down and take at least some of the customers' assets with them.
Lol
Cool story or something like that is what SBF said days before FTX collapsed. Same with Mashinsky, days before Celsius collapsed. Celsius customers have been literally weeping in front of the bankruptcy judge for the past few months.
Go read the earning reports again, pay extra attention on the breakdown of “$1B loss” 🤣
Yeah… no.