[fullshark]

Not many companies expect or plan for their valuation to drop 75% in 6 months, that's gonna lead to tough choices. In the case of coinbase I'm guessing they're also seeing trade volume (and therefore future revenue) plummet and don't project it to increase anytime soon. Not sure this is evidence of a horribly managed company so much as a company dealing with a crisis and doing costly things to their reputation to manage it.

[chromejs10]

I mean, if you're in the crypto business you should have more foresight than that. It's literally the definition of a volatile market

[davesque]

Crypto has been that volatile for years. If they didn't see that coming, they have their heads up their asses.