Coinbase latest earnings report is a train wreck! Revenue (-74.8%) DOWN massively while SBC (+64%) is UP massively
Nathan Worden's avatar
I LOVE it when I see someone’s notes on a financial statement. Commentary like this is super helpful.

Also— what the heck Coinbase, that is some crazy high stock based compensation!
Thoughtful Investing's avatar
@nathanworden @nathanworden Stock-based compensation that is 68% of Total Revenue + Total Operating Expenses that is almost double of the Total Revenue.

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Nathan Worden's avatar
@fi_investor that stock based compensation feels very innapropriate



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