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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 avrionov on Tuesday May 17, 2022 @02:16PM (#31414466)
Coinbase revenue increased 514.76% from 2020 to 2021. They were also profitable in 2021. Adding 3x people probably made sense, if they think that that revenue will continue to increase.

https://www.google.com/finance/quote/COIN:NASDAQ

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Re:Coinbase announces it will slow down hiring by rvnx on Tuesday May 17, 2022 @02:52PM (#31414899)
Something maybe more worrying is that you can see in the financial results of Coinbase that they invested into BTC themselves, and there is threshold where they would lose funds and likely have to liquidate BTC aggressively :/ (it's public)
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Re:Coinbase announces it will slow down hiring by wmf on Tuesday May 17, 2022 @02:59PM (#31414989)
If they're profitable why would they panic sell?
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Re:Coinbase announces it will slow down hiring by cma on Wednesday May 18, 2022 @12:27AM (#31419226)
What's their average buy-in price?
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Re:Coinbase announces it will slow down hiring by rvnx on Thursday May 19, 2022 @04:10PM (#31439554)
Out of my head (has to be verified), it was around 25'000 USD.

I deducted by comparing their portfolio value at last quarter vs this quarter.

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