Coinbase CEO, Brian Armstrong, says that his company's revenue this year will be around half of what it was in 2021, citing the impact of the sharp drop in cryptocurrency prices and multiple bankruptcies in the crypto space.
ब्लूमबर्ग के "डेविड रुबेनस्टीन शो: पीयर-टू-पीयर कन्वर्सेशन" पर एक साक्षात्कार में, आर्मस्ट्रांग ने खुलासा किया कि "पिछले साल 2021 में हमने लगभग $7 बिलियन का राजस्व और लगभग $4 बिलियन का सकारात्मक EBITDA किया था, और इस साल सब कुछ नीचे आने के साथ यह दिख रहा है , आप जानते हैं, लगभग आधा या उससे कम।
Coinbase's stock is down more than 83% this year, and investors are increasingly turning away from crypto companies, particularly in the wake of the collapse of FTX. Despite this, some analysts believe that the long-term outlook for the industry remains positive and that companies like Coinbase will weather the current storm.
Interestingly, several well-known investors, including Bill Ackman and Kevin O’Leary, have come out in support of former FTX CEO, Sam Bankman-Fried, who has claimed that the exchange's troubles were due to accounting errors. Armstrong, however, tweeted a few days ago that he does not believe this to be the case: "Even the most gullible person should not believe Sam's claim that this was an accounting error. It's stolen customer money used in his hedge fund, plain and simple."
