📰 【Coinbase stock price drops 4% due to unexpectedly weak Q1 results and a slowdown in cryptocurrency trading】


This earnings report from Coinbase made me laugh out loud. Q1 revenue was expected to be 1.58 billion, but it only delivered 1.64 billion—market expectations were basically propped up by retail investors. $COIN day intraday -4%. This is the price of the last bull market’s bet on institutional compliance. As retail investors pull back, your IPO is left only to “go swimming” naked. The whole industry is watching the macro mood; Coinbase is just a better barometer of the weather.

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