Coinbase Shares Slide as Crypto Giant Reports $394 Million Q1 Loss – Decrypt
In brief Coinbase posted a $394 million Q1 net loss, marking its second consecutive quarterly loss. Net revenue fell 31% to $1.4 billion, missing analyst expectations as crypto trading volumes declined. The exchange said this week that it would cut 14% of its workforce, citing market conditions and AI optimization. Coinbase on Thursday posted a...
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