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Coinbase's stock has dropped 81% in 2022, taking its market cap down from $81B at its IPO to $11B, as the broader crypto market falters and investors lose faith (Sam Goldfarb/Wall Street Journal)

Photo of Grace Will Grace Will November 17, 2022
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Coinbase's stock has dropped 81% in 2022, taking its market cap down from $81B at its IPO to $11B, as the broader crypto market falters and investors lose faith (Sam Goldfarb/Wall Street Journal)
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Sam Goldfarb / Wall Street Journal:

Coinbase’s stock has dropped 81% in 2022, taking its market cap down from $81B at its IPO to $11B, as the broader crypto market falters and investors lose faith  —  Prices of exchange’s bonds and stock reflect anxieties after collapse of rival FTX and sharp declines in bitcoin



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