Coinbase Confirms a Rough End to 2022. The Stock Is Rising.
Yahoo! Finance
Investors weren’t fooling themselves into expecting an upbeat end to 2022 for shares of Coinbase Global which have been battered this year amid a cryptocurrency market meltdown. Now the company has confirmed Wall Street’s bearish outlook. Brian Armstrong, the co-founder and CEO of Coinbase (ticker: COIN), said in an interview with Bloomberg this week that revenue at the crypto broker and trading platform was set to plunge this year from 2021’s buoyant levels.
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