Coinbase (COIN) Stock Continues Its Tumble After Reporting Steep 1Q Losses
b"Market On Close looks at the market reaction to Coinbase's earnings Tuesday after the close, with shares continuing their slide in extended trading after falling 12.6% on the day. As the biggest cryptocurrency exchange in the U.S., the company reported it was bleeding users and posted wider-than-expected losses in the 1Q. Coinbase closed Tuesday's session at $72.99 - a fraction of the $381 open when the stock went public a little more than a year ago."