Coinbase, the startup at the core of the crypto craze, is now considered an $8 billion company - Recode
'Coinbase is the leading marketplace for the trading of crypto assets, and it makes money on each order. '
'Coinbase is finalizing a deal that would value the company at about $8 billion, a transaction that would make Coinbase one of the highest-valued startups in the U.S. and help further legitimize the entire cryptocurrency industry. '
'It makes sense that this deal would value the company at about $8 billion: That’s the same price Coinbase tried to value itself at in one of its marquee acquisitions — Earn.com — earlier this year. '
'Inbound interest was so high at one point that the company issued a stern warning to dealmakers to back off from the company and its shareholders. '
'The company is in talks with Tiger Global and its current shareholders for an investment of up to $500 million, according to people familiar with the matter. '
[+]kommisar60 points1 point1 point
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[–]kommisar60 points
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That is nothing, Facebook, a government surveillance web site that sells its user's personal data to the highest bidder is valued at 468 billion. Apple, an IQ test masquerading as a tech company is valued at 1210 billion.
[–] derram 0 points 2 points 2 points (+2|-0) ago
https://archive.fo/P1dZd :
'Coinbase is the leading marketplace for the trading of crypto assets, and it makes money on each order. '
'Coinbase is finalizing a deal that would value the company at about $8 billion, a transaction that would make Coinbase one of the highest-valued startups in the U.S. and help further legitimize the entire cryptocurrency industry. '
'It makes sense that this deal would value the company at about $8 billion: That’s the same price Coinbase tried to value itself at in one of its marquee acquisitions — Earn.com — earlier this year. '
'Inbound interest was so high at one point that the company issued a stern warning to dealmakers to back off from the company and its shareholders. '
'The company is in talks with Tiger Global and its current shareholders for an investment of up to $500 million, according to people familiar with the matter. '
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