Why Coinbase Stock Price Is Down 33% Today. Should You Buy?
The largest U.S.-based cryptocurrency exchange blames broader market challenges for its 50% drop in revenue from the prior quarter. Read on to learn more.
Source: fool.com
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Coinbase is listing for US$100 billion on NASDAQ, but you might be better buying bitcoin instead
Coinbase, the San Francisco-based cryptocurrency exchange, is going public on April 14. The company will trade under the ticker COIN and list 114,850,769 shares on the NASDAQ with an initial valuation of US$100 billion (£73 billion). Instead of following the traditional initial public offering (IPO) route, Coinbase plans to post its shares straight on the NASDAQ exchange via a direct listing, a technique pioneered by big names like Spotify and Palantir in recent years. Whereas an IPO involves a company creating new shares and having an underwriter that buys them for a set price and then sel...
Source: theconversation.com