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A comment on Coinbase’s chief product officer will leave with a $105M payday. Parent comment

Re:Coinbase’s chief product officer will leave with a $105M ... by jxramos on Wednesday January 25, 2023 @11:31AM (#34520343)
What makes you say the value of their contribution is minor? Is there some public basis for that sort of claim to be found elsewhere?
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Re:Coinbase’s chief product officer will leave with a $105M ... by qeternity on Wednesday January 25, 2023 @11:35AM (#34520410)
Coinbase is down 88% from all time highs, and slightly less from its IPO. Coinbase has an $11.6b market cap which means he extracted a little under 1% of the entire company’s value in two years.
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Re:Coinbase’s chief product officer will leave with a $105M ... by onlyrealcuzzo on Wednesday January 25, 2023 @11:38AM (#34520457)
> Coinbase is down 88% from all time highs, and slightly less from its IPO.

This has nothing to do with "product", though.

Memestocks are down ~80%. Crypto prices down ~70%. Volumes are down even more in many segments... >97% for NFTs.

Just because Coinbase was at one time valued almost 10x what it is now, doesn't mean that was the correct value - and "product" ruined it.

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Re:Coinbase’s chief product officer will leave with a $105M ... by newswasboring on Wednesday January 25, 2023 @12:38PM (#34521407)
Yeah, but isn't it the chief product officers job to figure out how to isolate their company from this?
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Re:Coinbase’s chief product officer will leave with a $105M ... by justinbaker84 on Wednesday January 25, 2023 @12:12PM (#34521025)
Yes but if you look at the balance sheet they have about 6 billion in net assets (assets minus liabilities) so the value of the company itself is really more like 5.6 billion. This is a little tricky because company valuation in many cases is a combination of the value of owned assets and the expected value of the actual operations of the company.

So he really extracted more like 2% of the value of the operations of company itself.

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Re:Coinbase’s chief product officer will leave with a $105M ... by phillipcarter on Wednesday January 25, 2023 @11:40AM (#34520487)
https://twitter.com/Carnage4Life/status/1522046933258293248

This is his legacy

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Re:Coinbase’s chief product officer will leave with a $105M ... by jxramos on Wednesday January 25, 2023 @11:59AM (#34520799)
excellent content, thank you
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Re:Coinbase’s chief product officer will leave with a $105M ... by flashgordon on Wednesday January 25, 2023 @11:33AM (#34520388)
Umm have your seen what their financial performance? At least somewhat fair that you know Coinbase's product has some impact on stock price!
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Re:Coinbase’s chief product officer will leave with a $105M ... by dahdum on Wednesday January 25, 2023 @12:06PM (#34520910)
> What makes you say the value of their contribution is minor?

Excluding the stock performance entirely, they've released no particularly successful or even interesting products under his tenure.

He comes from Google where he worked on ads and shopping, so honestly that tracks pretty well. Google (not Alphabet) hasn't done anything interesting or innovative in a long time now either.

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