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.
I hope it's not mainly advertising.