Why Shares of Coinbase Fell Nearly 5% on Monday

Motley Fool2022-03-22

KEY POINTSJim Chanos, a famous short seller, said he believes Coinbase is "overearning" right now.What happenedShares of the large crypto exchange Coinbase fell nearly 5% today after a big investor ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

手可摘棉花
2022-03-22
手可摘棉花
I like coinbase
JiakLiulian
2022-03-22
JiakLiulian
Thanks for the info
SanWangtikup
2022-03-22
SanWangtikup
[Glance]
ashk3
2022-03-22
ashk3
If he isn't saying why, take it with a pinch of salt and do your own research
MSTAN
2022-03-22
MSTAN
👌👌
Remotecam
2022-03-22
Remotecam
He shorts $Coinbase Global, Inc.(COIN)$, then goes on CNBC telling people it's a bad "story" stock which resulted in 5% drop and he makes millions in profit. How is this not illegal??? How?? ... [LOL]

Leave a comment

176

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1187098701?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-03-22 10:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1187098701","market":"us","top_or_hot":-1,"title":"Why Shares of Coinbase Fell Nearly 5% on Monday","media":"Motley Fool","content":"<div>\n<p>KEY POINTSJim Chanos, a famous short seller, said he believes Coinbase is \"overearning\" right now.What happenedShares of the large crypto exchange Coinbase fell nearly 5% today after a big investor ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/21/why-shares-of-coinbase-fell-today/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Shares of Coinbase Fell Nearly 5% on Monday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Shares of Coinbase Fell Nearly 5% on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-22 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/21/why-shares-of-coinbase-fell-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSJim Chanos, a famous short seller, said he believes Coinbase is \"overearning\" right now.What happenedShares of the large crypto exchange Coinbase fell nearly 5% today after a big investor ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/21/why-shares-of-coinbase-fell-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2022/03/21/why-shares-of-coinbase-fell-today/","article_id":"1187098701","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187098701","pubTimestamp":1647916795,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"A prominent investor recently said he and his firm are shorting the stock.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"为什么Coinbase股价周一下跌近5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"KEY POINTSJim Chanos, a famous short seller, said he believes Coinbase is \"overearning\" right now.What happenedShares of the large crypto exchange Coinbase fell nearly 5% today after a big investor took a short position in the company, which currently has a nearly $38.5 billion market cap.So whatVeteran short seller Jim Chanos, who rose to prominence by shorting Enron before scandal engulfed the energy and commodities company and eventually took it out of business, now thinks Coinbase is overvalued.Chanos of Kynikos Associates told CNBC Friday that he thinks Coinbase is a \"bubble stock.\" He added that he thinks the company's earnings could fall in the future and that they're based in part on a story:Image source: Getty Images.There are plenty of companies that are in the new economy that have real growth, real cash flows, and real earnings, but there's a lot that are just being sold on stories, and we would argue that Coinbase is one that's being sold on a story.Now whatSince going public in April of 2021, shares of Coinbase are down more than 48%. Shares rallied leading up to last November but have since come tumbling back down along with many other tech stocks. Analysts have broadly stayed bullish on the company, with the average median price target still close to $300, implying strong upside from the current stock price of around $176 per share.As the price has come down, I've been more bullish on Coinbase, especially as it continues to further diversify revenue and as cryptocurrencies like Bitcoin get more ingrained into the financial system.But with a prominent short seller like Chanos now turning his eye on the company, it's definitely a good idea to retest your hypothesis and see if you can figure out where he may be coming from in terms of his comments on earnings.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9034578361,"gmtCreate":1647931315197,"gmtModify":1676534281609,"author":{"id":"3579342217954724","authorId":"3579342217954724","name":"手可摘棉花","avatar":"https://static.tigerbbs.com/eb5d81ca4420febc27175fcd21eb90b2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3579342217954724","authorIdStr":"3579342217954724"},"htmlText":"I like coinbase","listText":"I like coinbase","text":"I like coinbase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034578361","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034547561,"gmtCreate":1647929263820,"gmtModify":1676534281477,"author":{"id":"3574251446540235","authorId":"3574251446540235","name":"JiakLiulian","avatar":"https://static.tigerbbs.com/7dfeb5e6b6a637ff93a6fc5f4d1638d6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":0,"idStr":"3574251446540235","authorIdStr":"3574251446540235"},"htmlText":"Thanks for the info&nbsp;","listText":"Thanks for the info&nbsp;","text":"Thanks for the info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034547561","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034540859,"gmtCreate":1647926816266,"gmtModify":1676534281133,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"htmlText":"[Glance]&nbsp;","listText":"[Glance]&nbsp;","text":"[Glance]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034540859","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034553015,"gmtCreate":1647925112541,"gmtModify":1676534280934,"author":{"id":"3568528830578074","authorId":"3568528830578074","name":"ashk3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568528830578074","authorIdStr":"3568528830578074"},"htmlText":"If he isn't saying why, take it with a pinch of salt and do your own research&nbsp;","listText":"If he isn't saying why, take it with a pinch of salt and do your own research&nbsp;","text":"If he isn't saying why, take it with a pinch of salt and do your own research","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034553015","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034559630,"gmtCreate":1647924822119,"gmtModify":1676534280926,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089461104605170","authorIdStr":"4089461104605170"},"htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034559630","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034525347,"gmtCreate":1647923828593,"gmtModify":1676534280854,"author":{"id":"4093854476996450","authorId":"4093854476996450","name":"Remotecam","avatar":"https://community-static.tradeup.com/news/f856a0a30bd0fa23a086fc678014e48b","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4093854476996450","authorIdStr":"4093854476996450"},"htmlText":"He shorts <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>,&nbsp;then goes on CNBC telling people it's a bad \"story\" stock which resulted in 5% drop and he makes millions in profit.&nbsp; How is this not illegal??? How?? ...&nbsp;[LOL]&nbsp;","listText":"He shorts <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>,&nbsp;then goes on CNBC telling people it's a bad \"story\" stock which resulted in 5% drop and he makes millions in profit.&nbsp; How is this not illegal??? How?? ...&nbsp;[LOL]&nbsp;","text":"He shorts $Coinbase Global, Inc.(COIN)$, then goes on CNBC telling people it's a bad \"story\" stock which resulted in 5% drop and he makes millions in profit. How is this not illegal??? How?? ... [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034525347","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":176,"commentSize":24,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1187098701"}