Coinbase Responds to Crypto Rout [TheStreet.com]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
convertedorganic.com
Company Research
Source: TheStreet.com
Cryptocurrency trading platform Coinbase Global (COINThe company announced measures on May 16 to reduce its costs."We’ve made an important decision to ensure we’re being rigorous in our resource prioritization so we can emerge from this down cycle even stronger than we are today," Emilie Choi, president and chief operating officer, said in ablog post"We’re announcing we’re slowing hiring so we can reprioritize our hiring needs against our highest-priority business goals."The stock has been extremely volatile and fell by 72.59% year-to-date and 52.59% during the past month. Shares of the company rose on Tuesday by 13% at 2:40 ET.Investors have been frustrated with the performance of the company who reported weaker-than-expected first quarter revenue and warned that the selloff in the digital currency markets are likely to continue.Coinbase said revenue for the three months ending in March dipped by 35% from last year to $1.17 billion, short of Wall Street's estimates while retail tradi
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COIN
News
- Consensys Suit Is Pressing The SEC On Ether's Security Status [Forbes]Forbes
- Sen. Warren challenger goes to bat for Coinbase, crypto industry in SEC lawsuit [FOX Business Network]FOX Business Network
- Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge [Yahoo! Finance]Yahoo! Finance
- U.S. Stablecoin Bill Would Rein In Tether, Boost Coinbase And Circle, Outlaw Algorithmics [Forbes]Forbes
- Samourai Indictment & FBI Notice Are An Assault On Bitcoin And Privacy [Forbes]Forbes
COIN
Earnings
- 2/15/24 - Beat
COIN
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- COIN's page on the SEC website