Coinbase Shares Fall Nearly 7% After Third-Quarter Results
Coinbase shares fell nearly 7% in premarket trading Friday as investors focused on weaker core revenue and executives’ plans to sell up to $2.2 billion of stock, despite a headline profit beat.
Coinbase NASDAQ:COIN shares fell nearly 7% in premarket trading Friday after investors looked past a headline profit beat and focused instead on weaker core revenue and plans by top executives to sell up to $2.2 billion of stock.The crypto exchange reported third-quarter net income of $718.7 millio…