Coinbase: From Crypto King to $667M Oopsie in Q4 – What Went Wrong?
Apparently, the loss was largely driven by non-cash write-downs on their crypto holdings and strategic investments. Because, as we all know, nothing says “financial stability” like betting on something more volatile than a Hitchhiker’s Guide to the Galaxy plot twist. Analysts, who were presumably sipping their Pan Galactic Gargle Blasters, had expected something far less disastrous. Last year, Coinbase was basking in a $1.3 billion profit. This year? Not so much.

