Form 8-K Coinbase Global, Inc. For: Jun 14

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Go back to Form 8-K Coinbase Global, Inc. For: Jun 14

Coinbase Global Inc. (COIN) PT Lowered to $61 at JPMorgan

June 16, 2022 9:43 AM EDT

JPMorgan analyst Kenneth Worthington lowered the price target on Coinbase Global Inc. (NASDAQ: COIN) to $61.00 (from $68.00) while maintaining a Neutral rating.

The analyst comments "Late night and on the road, we reflect on Coinbases decision to eliminate 1,100 jobs. Based on the... More

Coinbase (COIN) Erases Decline, Now Up 1%

June 14, 2022 9:15 AM EDT

Coinbase (NASDAQ: COIN) Erases Decline, Now Up 1%

Shares were down 6% earlier on the downgradeit announced job cuts earlier
... More

Coinbase (COIN) announces restructuring plan, reduction of workforce by approximately 1,100 employees

June 14, 2022 8:10 AM EDT

Coinbase (NASDAQ: COIN) disclosed:

On June 14, 2022, Coinbase Global, Inc. (the Company) announced a restructuring plan (the Plan) to manage its operating expenses in response to current market conditions and ongoing business prioritization efforts. The Plan involves a reduction of the Companys workforce by approximately 1,100 employees, representing approximately 18% of the Companys global workforce as of June 10, 2022, following which the Company expects to have approximately 5,000 total employees as of the end of its current fiscal quarter on June 30, 2022. The Company expects execution of the Plan to be substantially complete in the second quarter of... More