By Brian Armstrong
Sharing a note I sent to the Coinbase team last night.
We have a cultural norm not to discuss short term stock price fluctuations, but I’m going to break our norm in this case given the wild volatility we’re seeing. I realize it can be scary to see our stock price down with associated negative headlines. Of course, we are not alone, and there is a broader market downturn as well which adds fuel to the fire.
In times like these we need to step back, and zoom out. Nothing about Coinbase changed this week, we are the same company we were yesterday, or a year ago. If anything, we are in an even stronger position given our balance sheet. This last bull cycle has generated tremendous profit and cash that adds to our resiliency, and we have built ..
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