Coinbase is unlike any market debut Wall Street has ever seen

It's been a month and a half, COIN has lost half its peak valuation (429) a month in (208), and now hovers at 245.

Sure glad I didn't jump in that one.
 
VicBee said:
It's been a month and a half, COIN has lost half its peak valuation (429) a month in (208), and now hovers at 245.

Sure glad I didn't jump in that one.
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Look at Facebooks first couple month of trading. Very similar
 
I don't have any investment in Coinbase $coin, but ran into this video and it seems the company is still performing very well

 
mlawson71 said:
I am not so sure about that anymore.

Coinbase faces a class action lawsuit for securities fraud. It was filed by the lawfirm Scott + Scott, in the Californian Distric Court. Donald Ramsey, a shareholder in Coinbase, is named plaintiff. Rasmey is lso reported to encourage other shareholders in the legal battle against the crypto exchange.
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I agree the stock price has been shit, so investors gotta sue. I don't have any stock or options on coin...

However, did you watch the video? you can click on it and watch for 5-10 minutes, and maybe you can tell me how the business is not doing as well as I think it is

We got tech stocks like Uber, ABNB, ZM who are being sold to us on "hyper growth" promises but are they performing as well (or better) as COIN?

Interesting points around retail vs institutional business, imho

Coin stock price will eventually go up in response to the fundamentals. nfa
 
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