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A comment on Coinbase announces it will slow down hiring. Parent comment

Re:Coinbase announces it will slow down hiring by peyton on Tuesday May 17, 2022 @12:28PM (#31413025)
At the $1T+ scale, their CFOs are constantly road-tripping to find new institutional buyers. It stands to reason they’d perhaps know which way the wind was blowing based on those interactions.
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Re:Coinbase announces it will slow down hiring by buzzthro on Tuesday May 17, 2022 @12:45PM (#31413285)
Why would they need to go woo institutional buyers? At 1T they're already probably part of S&P 500 and other standard investment indexes. All the mutual funds, ETFs, pension plans are bought into them.
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Re:Coinbase announces it will slow down hiring by rbinv on Tuesday May 17, 2022 @12:36PM (#31413134)
Honest question: what does a public company have to gain by convincing institutional buyers to buy its stock? I can't imagine that to have any lasting effect on the stock price.
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