Coinbase’s no-good, very bad summer

Coinbase’s logo on an abstract background Look out below! | Illustration by Alex Castro / The Verge

It’s been a minute since I checked in on our friends at Coinbase, and so when I saw Reuters noting that a class action suit would be going ahead, I thought perhaps we should all reflect together on Coinbase’s cruel summer.

The company’s shares have fallen by more than a third in the last 6 months, to $147.95 as of this writing, from $238.55 on March 6th. On the company’s first day of trading, in April 2021, its closing price was $328.28.

Quite a turn of f...

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