In its first-quarter earnings report, Coinbase reported lower-than-expected revenues, and a quarterly net loss of $430 million, compared with a profit of $840 million in the fourth quarter of 2021. The company said it expected about $1.7 billion of stock-based compensation expenses, up from $1.5 billion previously, citing “hiring trends and year-to-date acquisitions.”
Source: https://www.coindesk.com/business/2022/05/19/coinbase-outlines-cost-cutting-measures-employee-grants-amid-weak-results-and-crypto-rout-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines