https://techcrunch.com/2022/08/09/coinbases-earnings-fall-short-of-expectations-as-crypto-winter-rages/ Analysts had expected the company to lose $2.65 per share off revenues of $832 million, per averages shared by Yahoo Finance. Per those estimates, Coinbase posted a top-and-bottom line miss. Coinbase shares were off around 10.5% during regular trading hours. In the wake of its earnings announcement, Coinbase’s stock is off modestly, although it has traded somewhat chaotically in early after-hours trading. Coinbase’s Q2 results Coinbase’s quarter included a large gain in costs compared to the year-ago period — around $500 million — and a sharp revenue decline. In the second quarter, Coinbase’s net revenue declined from $2.033 billion to $802.6 million, a drop of around 60%. The combined gain in expense and decline in top-line income put the company deeply into the red. Indeed, Coinbase flipped from an operating profit of $874.7 million in the second quarter of 2021 to a $1.04 billion operating loss in the second quarter of this year. Other expenses, including interest-related costs, pushed its net income under its operating income result.
$391Million in stock based compensation for q2. $400M expected for Q3. stock needs to go lower.
$50 end of Sep.
I’m a buyer at 35
Bunch of losers working at coinbase ... And I got to know this before resigning
‘Crypto winter’ presumes there will be a ‘crypto spring’ , it could just be the final frozen circle of hell from here on out
Bingo, I think you are correct I have transfer all my crypto holdings to other assets
why you work at Gemini if you dont believe in crypto?
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Crypto winter? We are almost done with summer lmao