Coinbase said late Thursday that revenue rose 327% in the fourth quarter, to $2.5 billion, as trading volume and users shot up. The crypto exchange also posted a net income of $840 million during the quarter, up 375% from a year ago. But the company warned that a drop in the prices of crypto currencies would reduce trading this quarter. Shares slipped 4% after hours. For the three months ended...
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The Briefing Markets
Musk Throws Shade at Twitter CEO (and Securities Rules)
It’s day 43 in the Elon Musk–Twitter saga—and things are getting even weirder. Today we witnessed the bizarre spectacle of Elon Musk tweeting a poop emoji at Parag Agrawal after the Twitter CEO tried to clarify the company’s procedures for keeping spam bots at bay. A short time later, Bloomberg reported that Musk had told a private conference in Miami a viable deal for Twitter at a lower price...
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