Comment on Coinbase earnings: $1.1B loss, lower-than-expected revenueComments−pharmakom4yHow do you lose money charging fees on exchange transactions?−throwaway59594yYou pay Stanford/MIT grads with two YoE 500k in total comp?−spaceman_20204yWho would have thought that paying React devs heart surgeon salaries could turn out this way!−stevedewald4yMost of their spend is on employees and marketing/advertising.−namecheapTA4yYou spend more than you bring in?−josephd794ygotta keep up with the joneses, yolo
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How do you lose money charging fees on exchange transactions?
You pay Stanford/MIT grads with two YoE 500k in total comp?
Who would have thought that paying React devs heart surgeon salaries could turn out this way!
Most of their spend is on employees and marketing/advertising.
You spend more than you bring in?
gotta keep up with the joneses, yolo