Coinbase’s chief product officer will leave with a $105M payday

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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