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DudeMcDude's avatar

Looking through Coinbase’s financials, the easiest cut is the 4,756 employees at 3q22, up from 2,781 at 3q21. Could also roll back technology spend back to 2021 levels, maybe.

Given their debt is bonds, they have at least 6 quarters to right the ship before they burn through their cash. No need to worry about covenants - even tho cov-light structures today make it almost impossible to default on TLs.

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Waffles's avatar

Doesn't bode well that CEO Brian Armstrong sold 100% of his $COIN stock on Nov 11.

What's it mean when the founder/CEO isn't exposed to his own company's share price?

Source: http://openinsider.com/insider/Armstrong-Brian/1851492

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