USA TODAY International Edition
COINBASE LOSES HALF ITS VALUE IN A WEEK’S TRADING
Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one- day drop ever Wednesday as the crypto market weathers yet another slump. Coinbase reported a $ 430 million net loss in the first quarter, or $ 1.98 per share. Analysts were expecting profit of 8 cents per share. Revenue was down as active monthly users declined 19% from the fourth quarter.