Corporate Political Donations Poised to Spark Shareholder Lawsuits [BNN Bloomberg (Canada)]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: BNN Bloomberg
Some of the money used for a corporation's hefty super PAC donation come from shareholders. That gives those investors standing to sue if they don't approve of how the money is spent, according to the latest Center for American Progress report, which aims to reign in the 2010 Supreme Court Citizens United ruling that allows corporations and other groups to spend unlimited amounts on elections. That threat of legal action could make executives of publicly traded companies less likely to donate to political causes and groups, said Tom Moore, a senior fellow at the Center for American Progress and a co-author of the analysis. Chevron Corp. and Occidental Petroleum Corp., have made seven-figure donations to super political action committees backing Republicans in congressional elections. And Coinbase Inc., a subsidiary of Coinbase Global Inc., gave $20.5 million to Fairshake, a super PAC that supports candidates from both parties who support legislation favorable to the cryptocurrenc
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COIN
News
- Coinbase Global, Inc. (NASDAQ: COIN) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $320.00 price target on the stock.MarketBeat
- Coinbase knocked Q1 earnings out of the park—now comes the hard part [Yahoo! Finance]Yahoo! Finance
- Coinbase's Haas Says ‘Just Another Day in Crypto' After Stock Decline [BNN Bloomberg (Canada)]BNN Bloomberg
- Coinbase Falls Despite Q1 Earnings Beat: ETFs in Focus [Yahoo! Finance]Yahoo! Finance
- Bitcoin's Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/3/24 - Form 144
- 5/3/24 - Form 4
- 5/2/24 - Form 4
- COIN's page on the SEC website