"This was devastating to me," Ukey, a machine learning programmer, wrote on LinkedIn.
But in recent months, banks slashed their price targets, with the average price target collapsing from $279 on the week of April 22 to $145 as of the time of writing, according to The Block Research. That last figure represents a 96% premium over the current fair market price.A reduction in corporate spend — total operating expense weighed in at $1.7 billion during Q1 2022 — could help win back analysts who have highlighted expenses in earnings calls.
As for hiring itself, Will Nance of Goldman Sachs described the 1,200 hires in the first quarter as a strikingly"large" figure. In response, Coinbase CFO Alesia Haas said that slowing hiring was one lever at the firm's disposal to cut expenses. Still, while Coinbase's cost-cutting will have a clear impact on the bottom line, there is also a more intangible cost to pulling back offers from would-be employees. Emails made public indicate that Coinbase initially told incoming staffers that their jobs would be safe.
I don’t think a love affair cooled as much as Coinbase’s financial performance did.
Every ups and downs is to pave the way for the rise, and Coinbase brings financial protection to the funds of crypto traders
But I was told they had $40 billion in reserves for the bear market insert red stapler guy meme here
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