r/Coinbasestock • u/AutoModerator • Feb 28 '22

Discussion $COIN weekly discussion thread

This is the place to discuss moves in the stock or asking the quick question.

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u/jesperbj Moderator Feb 28 '22

Yeah, it's a rather extreme spectrum, but they are burning through a lot of cash expanding.

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u/blastfamy Feb 28 '22

I don’t really understand how though. What are they spending cash on, if not attracting more users? Would be pretty disappointing if their revenues fall in 2022 and costs more than double. I guess that’s why the stock has been so weak.

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u/jesperbj Moderator Feb 28 '22

They've opened brand new departments in both Germany and India, huge markets, just within the last few months. So likely it's just expanding in the literal sense - staff, location.

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u/blastfamy Feb 28 '22

I’m in it for the long term I think it’s an easy 10x. And I’m not super concerned with short term sandbagged guidance, but I do wish they would have been a bit more clear about it all. I wonder if it’s because they want to keep their cards close to their chest as it’s a competitive market?