August 10, 2022, 7:58AM EDT
• 7 min read
Quick Take
- Trading closed down (11%) at $87.68 / share and slumped another (5%) to 82.90 / share in afterhours trading
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Reported $808mm total revenue, ($4.95) EPS, $217bn Trading Volume and ($1.1bn) Net Income
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+48% rally last week from Coinbase x Blackrock partnership announcement
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June 14, 2022 announced internal restructuring plan
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1,100 FTE dismissals, an (18%) company wide reduction in FTE count as of June 10, 2022
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June 2022 indictment against former Coinbase Product Manager Ishah Wahi and related parties for front running digital assets
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August 2022 lawsuits launched against Coinbase regarding business practices and disclosure surrounding digital assets requiring Security & Exchange Commission (SEC) registration as securities
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