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A comment on Coinbase stock lost over 75% value. Parent comment

Re:Coinbase stock lost over 75% value by kolbe on Monday May 09, 2022 @09:37PM (#31322352)
You may want to go see what $COIN's P/E is and get back to me.
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Re:Coinbase stock lost over 75% value by pavlov on Monday May 09, 2022 @09:50PM (#31322430)
What’s the forward P/E? Nobody has any idea because their profits depend on so many fickle variables: crypto prices, crypto trader enthusiasm, and competing exchanges not entering a race to the bottom that would put pressure on their margins.
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Re:Coinbase stock lost over 75% value by kolbe on Monday May 09, 2022 @10:12PM (#31322596)
No one knows anyone's forward P/E.
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Re:Coinbase stock lost over 75% value by pavlov on Monday May 09, 2022 @10:15PM (#31322615)
We can’t literally know anything about the future. But we have a much better idea of the possible range for AT&T’s 2023 earnings than Coinbase’s. (Not saying you should invest in AT&T either.)
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Re:Coinbase stock lost over 75% value by tradertef on Tuesday May 10, 2022 @01:40AM (#31323840)
5.76
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