More trouble for Coinbase as Goldman Sachs predicts 60% drop in profits

A Goldman Sachs analyst downgraded Coinbase stock to sell. The first crypto exchange to list on the NASDAQ is down 80% since listing.
A Goldman Sachs analyst downgraded Coinbase stock to sell. The first crypto exchange to list on the NASDAQ is down 80% since listing.
According to an SEC filing, the cuts will leave Coinbase with around 5,000 remaining staff and will cost somewhere in the region of $40 million.
Many applicants turned down other opportunities after confirming a job at Coinbase, others are facing losing their visas.
Coinbase staff will be encouraged to give positive, neutral, or negative feedback based on 10 core values after every interaction.
Armstrong admitted that, while Coinbase’s Prime and Custody customers had “strong legal protections in their terms of service,” retail customers didn’t.