Coinbase Dunks on Traditional Payment Methods in $15M NBA Ad spend [FOX Business Network]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: FOX Business Network
Coinbase is launching a $15 million TV ad campaign that aims to tout the merits of using cryptocurrency in a language that sports fans understand: Pizza. FOX Business has learned that the U.S.'s largest crypto exchange is set to run three separate commercials across four channels airing the NBA playoffs starting Wednesday. The idea behind the commercials, news of which hasn't been reported yet, is to underscore how complex and expensive traditional payment methods are compared to crypto, which is settled almost instantly and cuts out the so-called "middlemen" like banks and payment service providers. "We're under the illusion that when we use credit cards or Venmo, things are happening instantly, but they're actually just part of very complex plumbing that's masked by a digital interface," said Coinbase's chief policy officer Faryar Shirzad. To showcase this, the tongue-in-cheek ad shows the process a pizza pie would go through if it was money in today's system. The commercia
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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