Coinbase Stock Plummets After The Q1 Revenues Reveal
Wed, May 11, 2022 5:30 PM

Coinbase Stock Plummets After The Q1 Revenues Reveal

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On Wednesday, the share price of Coinbase Global (COIN) plunged after the release of its first-quarter revenues. A significant drop of 35% was seen in the Q1 revenues as compared to the last year's revenue of $1.17 billion. Coinbase regarded the current decline in the market as the cause of the revenue drop and warned that the drop might continue in the next quarter.

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