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Tuesday, January 23, 2018 11:08:14 AM
This is fantastic and reflects the velocity of the growth in Crypto currency markets.
KEY in this headline is this; Coinbase booked $1 billion in revenue last year —>> so the company has told hovering VCs to--> BACK OFF )))
Coinbase, a trading broker for bitcoin, booked more than $1 billion last year as cryptocurrency prices whipsawed.
----->>> The company warned its shareholders not to sell shares to latecomers who want a piece. <<<<---
https://www.cnbc.com/2018/01/22/coinbase-booked-1-billion-in-revenue-last-year.html
The six-year-old company crossed $1 billion in revenue last year, Recode has learned from industry sources, a tremendous rise fueled by layman interest in both bitcoin and competing virtual currencies that users can buy and sell through the app.
The company's valuation has likely at least doubled since its last valuation of $1.6 billion in August. Coinbase was only expected to do about $600 million in yearly revenue as of September 30, according to people with knowledge of the figures, but bitcoin's run between Thanksgiving and Christmas boosted the company's 2017 revenue to over $1 billion.
Add some good DD and speculate all you want: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136825416
Disclaimer: Do not ever buy a stock because of my opinions ever because you can lose everything. Nothing I say is ever a recommendation, but just an opinion. Don't Buy, Don't Buy as Cramer would say on CNBC. Do your OWN DD.
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