Coinbase stock

2022 - 5 - 10

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Image courtesy of "CNBC"

Stocks making the biggest moves after hours: Coinbase, Roblox ... (CNBC)

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New ...

Analysts had expected a profit of $2.03 per share on revenue of $8.08 billion, according to Refinitiv. Occidental reported first-quarter earnings of $2.12 per share on revenue of $8.53 billion. Analysts had expected a loss of 21 cents per share on revenue of $645 million, according to Refinitiv. Unity Software reported $320 million in revenue in the first quarter, while analysts surveyed by Refinitiv expected $322 million. The video game company reported quarterly revenue of $1.75 billion, while analysts surveyed by Refinitiv expected revenue of $1.77 billion on average. Roblox reported a first-quarter loss of 27 cents per share on revenue of $631 million.

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Image courtesy of "Forbes"

84% Below Peak, Coinbase Stock To Fall As Stablecoin Breaks The ... (Forbes)

Bitcoin is not an inflation hedge and with Coinbase down 84% from its peak, the stock has further to fall.

As soon as the Fed pivoted in November, that was a death knell.” To be fair, Coinbase is not the only financial investment that has lost value. If Coinbase keeps that up for a year it will run out of cash. While Buffett does not know whether Bitcoin will go up or down in the future, he concluded “the one thing I'm pretty sure of is that it doesn't multiply, it doesn't produce anything. Unlike apartments that produce rental income or farmland that produces food, the only way to get value from Bitcoin is to sell it to someone else. According to CNBC, it “uses a complex system of minting and burning tokens to adjust supply and stabilize prices.” For reasons possibly related to the recent crypto sell-off, UST was trading at just 35 cents at 4 a.m. ET on May 11. Along with the drop in Bitcoin’s value, comes the news that another kind of crypto currency is floundering in its efforts to hold a stable value. Last April, I argued that Coinbase was not worth $100 billion — instead $18.9 billion would be a good number. That’s a problem for Bitcoin because UST is supposed to be like a money market fund — to maintain a peg of $1 per coin. Sadly for investors, with its fee of 0.46% being 46 times that of rivals such as Gemini, Bitstamp, Kraken, and Binance, those fees were likely to drop — possibly to zero. UST — the world’s third-biggest stablecoin — claimed that it could hold the $1 peg. With Bitcoin down 53% from that high, another strut holding up the crypto project is crumpling.

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Image courtesy of "Barron's"

Coinbase Stock Tumbles as 'Crypto Winter' Arrives (Barron's)

Of the 12 analysts who released reports on the Bitcoin broker following its results, none changed their rating, and seven still rate it a Buy.

As a result, the stock has fallen 16% in premarket trading Wednesday. “Crypto winter” has arrived and Coinbase Global stock is paying the price after releasing earnings following Tuesday’s close. A ‘Crypto Winter’ Is Here—and Coinbase Stock Is Feeling the Pain

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Image courtesy of "Fast Company"

Why is Coinbase crashing? COIN stock hits all-time low as crypto ... (Fast Company)

Revenue for the crypto exchange dropped 27% from a year ago as trading on the platform has slowed. Shares of Coinbase Global fell to new lows.

“We are at a point in our evolution where we need to continue investing to drive growth and help grow our sector. At the same time, we will closely monitor market conditions to ensure we are investing our resources as responsibly and wisely as possible. Retail monthly transaction users (MTUs) were down from 11.4 million in the previous quarter to 9.2 million in Q1 2022.

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Coinbase stock plunges again after company reports dismal results ... (CNN)

Coinbase shares plummeted nearly 25% in early trading Wednesday morning and hit their lowest level ever. Coinbase stock is now down more than 75% this year and ...

Coinbase said in its earnings report that about 48% of its transaction revenue came from bitcoin and ethereum in the quarter. The company said that "in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors." "The first quarter of 2022 continued a trend of both lower crypto asset prices and volatility that began in late 2021," Coinbase said in a letter to shareholders.

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Coinbase shares dive 23% after revenue miss (CNBC)

The company said revenue fell 27% from the year-ago period, and usage on Coinbase declined from the fourth quarter.

The firm slashed its price target to $171 from $258. Usage on Coinbase declined from the fourth quarter. Total trading volume declined from $547 billion in the fourth quarter to $309 billion.

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Image courtesy of "The Wall Street Journal"

Coinbase Stock Keeps Sliding After Earnings Report (The Wall Street Journal)

The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors' unease ...

- Samsung:30% off smartphones + free shipping - Samsung promo code You may cancel your subscription at anytime by calling Customer Service. Coinbase Global Inc. said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading.

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Coinbase stock falls toward all-time low as crypto trading falls off (MarketWatch)

Coinbase Global Inc. swung to a loss in its most recent quarter and posted lower-than-expected revenue, citing the impacts of lower volatility and prices ...

For the second quarter, Coinbase expects that monthly transacting users and total trading volume will be lower than what was seen in the first quarter. That compares with 16% concentrations in each bitcoin and ethereum in the December quarter. Coinbase reported trading volume of $309 billion for its March quarter, compared with $547 billion in the December quarter and $335 billion in the year-prior March quarter. “We believe these market conditions are not permanent and we remain focused on the long term. Retail trading volume was $74 billion, compared with $177 billion in the December quarter and $120 billion a year before. Shares of Coinbase COIN, -12.60%were down 16% in after-hours trading Tuesday after sliding about 13% in the regular session.

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Image courtesy of "CNBC"

Coinbase revenue drops 27% from a year ago, stock slides (CNBC)

Coinbase revenue drops 27% from a year ago, stock slides · Coinbase reported first-quarter earnings after the bell on Tuesday. · The earnings come amid a major ...

Coinbase attributed the rise to higher expenses related to full-time and contractor-related headcount. General and administrative expenses were $414 million, up 39% compared to the prior quarter. It also said that it's focusing on the next generation of crypto opportunities beyond trading. Increased spending also helped to drag down the company's bottom line. Overall, usage on Coinbase declined from the fourth quarter. Bitcoin, the most popular cryptocurrency, briefly dropped below the symbolic price threshold of $30,000 on Monday, and is down more than 30% this year.

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