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Coinbase’s Job Cuts Take Worst-Case Scenario for the Stock Off the Table

Por: MarketWatch Business January 11, 2023

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To that end, Coinbase’s came as welcome news to investors. In a blog post, CEO Brian Armstrong the cuts of 950 employees would contribute to a 25% drop in Coinbase’s operating expenses in the first quarter from the fourth quarter of 2022. On Tuesday, Coinbase stock rose nearly 10% to $41.92 per share, but the cuts aren’t doing much for the firm’s debt. The company’s bonds maturing in 2028 on Tuesday traded at 58 cents on the dollar, up... + full article



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