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Re:Coinbase Announces 18% Layoffs by Hellbanevil on Tuesday June 14, 2022 @09:35AM (#31739240)
Can anyone explain their 6 plus billion dollar yearly operating costs?

I hope it's not mainly advertising.

Re:Coinbase Announces 18% Layoffs by adventured on Tuesday June 14, 2022 @09:48AM (#31739466)
Their operating expense over the past year was $4.35 billion. Cost of revenue was $1.3b, leaving the $1.5b operating income.

$745m selling & marketing expense over the past year (SG&A was $1.95b overall).

$1.67b expense for R&D.

$733m for other.