Goldman Cuts Coinbase to ‘Sell’ Due to Fall in Crypto Prices and Industry Activity; Shares Drop

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.GoldmanSachs cut coinbase's rating to 'sell,' says the company faces a difficult choice between shareholder dilution and significant reductions in effective employee compensation. By willcanny99

Coinbase CEO Brian Armstrong Goldman Sachs cut Coinbase’s rating to “sell” from “neutral” and slashed its price target to $45 from $70, the bank said in a report on Monday.

In the same report, the Wall Street giant upgraded Robinhood Markets to “neutral” from “sell” with a $9.50 price target. Robinhood shares rose 2.6% to $8.21 in pre-market trading. While Coinbase recently announced a notable restructuring, which involved laying off 18% of its workforce, the bank says further cuts are needed.

 

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GoldmanSachs coinbase willcanny99 No worries, by the time people finish reading this article coinbase will list 10 more shitcoins to save the day.

BAFWSB GoldmanSachs coinbase willcanny99 Lol ryancohen is this what you mean by overpaid executives? This should be an easy decision

GoldmanSachs coinbase willcanny99 worst customer service in the game

GoldmanSachs coinbase willcanny99 big blow for coinbase 😲 cryptobuddy cryptonews cryptoinvesting cryptotrading airdrop Learn2Earn

GoldmanSachs coinbase willcanny99 Sounds like they want to buy that too

GoldmanSachs coinbase willcanny99 We ignore risk in bull markets and opportunities in bear markets. Times like this is the period to make a killing in the market. People should know how to get their portfolios in profit regardless of a market downturn. Will gladly share a few things I do with anyone interested.

GoldmanSachs coinbase willcanny99 Unreal, these guys declare what happened a month ago then sit around and clap each other on the back relative how smart they are. Whatever maybe BTC take them down. Meantime, Coinbase should be TRANSPARENT

GoldmanSachs coinbase willcanny99 mcbird21

GoldmanSachs coinbase willcanny99 Had CB set up a good strategic plan they would be on top of those issues and be placed in a progressive footing. CB needs to focus on customer service and improving user satisfaction. Anyone who has ever contacted them knows this - Faceless/Voiceless.

GoldmanSachs coinbase willcanny99

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