🚨 Coinbase Q1 Results Are Brutal


🔸️Nearly $400 million in losses
🔸️Revenue dropped 31% to $1.41 billion
The prolonged crypto bear market continues to hurt the exchange hard.
On top of that, just few days ago Coinbase announced of job cuts — laying off 14% of its workforce (around 700 employees) as part of a major AI-driven restructuring.
Tough times for America’s biggest crypto exchange.
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StakingDaydream
· 11h ago
Coinbase really can't hold up anymore, layoffs + huge losses, the cost of the bear market
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Mint-ColoredCalmness
· 11h ago
AI restructuring sounds impressive, but 700 jobs are gone, workers are really suffering.
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