Saturday, August 6, 2022

How Coinbase went from a triumphant IPO to facing challenges with international expansion, global competition, revenue diversification, and staffing adjustments (New York Times)

New York Times:
How Coinbase went from a triumphant IPO to facing challenges with international expansion, global competition, revenue diversification, and staffing adjustments  —  In just over a year, the United States' largest cryptocurrency exchange went from a triumphant public offering to a “crypto winter” of cost cutting and layoffs.



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...