Coinbase Q1 revenue miss. Stock falls amid AI layoffs
#coinbase #earnings #yahoofinance
Coinbase Global (COIN) stock moves lower in Thursday extended hours after the cryptocurrency exchange released first quarter revenue of $1.4 billion that fell below Wall Street estimates of $1.49 billion. This comes after Coinbase announced a 14% reduction in its workforce this week as it pivots to AI.
Yahoo Finance Senior Markets Reporter Ines Ferré takes a closer look at Coinbase’s earnings release.
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07:40 Coinbase Q1 Earnings
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#LiveTrading #TradingLive #StockMarketLive #Stocks #StocksToday #SP500 #FinancialNews #StockMarketNews #BusinessNews #WallStreet #Fed #Nasdaq #Inflation
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