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Coinbase’s $100 Billion Valuation ‘Remains Ridiculous’

Coinbase’s $100 Billion Valuation ‘Remains Ridiculous’



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17 Comments

  1. It’ll take a jump in price immediately when it lists but as the hype settles it’ll return to a “reasonable” evaluation. Overall I am definitely interested, just not for the $100 billion valuation.

  2. It’s tough to jump in on opening day, the volatility will be crazy over a span of time early with this, maybe wait until the volatility is lower or try to gamble during a dip not a run up.

  3. I would just buy crypto instead. If you’re into stocks, this one will likely be a roller coaster at first. I am interested to see if its price becomes at all correlated with the price of BTC though.

  4. I completely disagree with this newsfeed. The valuation of one of the largest crypto exchanges in the world and the first to go public. Its competitors have spoken in interviews sounding very surprised by the valuation and calling it low. After their Q1 financial statement, it supports their valuation.

    The arguments for it being too overpriced haven’t really surfaced with any facts other than it being hype, pretty much what they said about bitcoin a few years ago.

  5. The first few days will look like a massive pump and dump before it stabilizes. The problem with these sort of companies is that the more that enter the market and the more competition there is the less value it will be. For reference look at weed stocks

  6. tldr; Coinbase’s expected $100 billion valuation is “ridiculous,” according to a new report from stock research firm New Constructs. The company recently reported a Q1 profit between $730 million and $800 million on revenue of approximately $1.8 billion. The report suggests the company’s valuation “should be closer to $18.9 billion.”

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  7. The article makes a great point, but I would like to understand how they got the $100 Billion valuation, if their revenue is closer to only 1 Billion, how this is being valued 100 times their revenue? Are they adding future value of cryptos?

  8. I just hope we dont see the same complaints from people like with past IPOs. People were putting in orders pre-market at whatever CNBC was saying the expected open was, then they were losing their minds when they didn’t get it for that price when the market opened. I get nervous for people that try to invest but don’t know what they are doing.

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