Coinbase listing hype appears dead as exchange falls 80% from all-time highs
-In the face of a cryptocurrency and NASDAQ downturn, Coinbase has lost over 80% of its value since its all-time high of $430 a share.
-The company’s share price fell below $100 for the first time last week and it is currently trading at $84.30 a share.
-The NASDAQ is down 17% over the same timeframe.
-Other companies like Zoom and Shopify have seen similar drops in value, but none have been as dramatic as Coinbase.
-The company is set to announce its earnings for the first quarter of 2022 today at 5:30PM EST.
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