I think their automated system has gone a bit wrong, that would give Coinbase a nice P/E of like 2, based off of Q1 expected earnings.
For the max graph, they likely just use one data point per day which is probably the value at end of the trading day which is why the beginning higher value doesnât appear. You can see a similar thing occur on yahooâs graphs when you set the timeline summary as 6 months or higher.
As more days pass, it will start looking less and less âweird.â
Yep it is winding me up I paid nearly $60 more than the so called max price in the history 
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CFO dumping everything & CEO dumping 75% ⌠thatâs not a good sign.
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Nice of them to cash in on the people who invested in the success of their company floating
Heâs the the largest shareholder in the company and heâs been waiting for this day since the inception.
He owns 2,753,924 Class A shares and 36,851,833 Class B shares according to the 8-K filings.
He sold a minuscule of 750k shares for 250m odd and who wouldnât?
Iâd be worried if the trend continued but nothing to worry about.
Iâd suggest looking up at IPOs in the last decade and see how many founders / top management sold shares right after the IPO or within the first 12 months. If my memory serves me right even Zuckerberg sold a billion worth of shares.
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I donât blame them for cashing in - this is the big payout theyâve been dreaming about since they started!
It also means the stock held up well under the circumstances.
(Iâm not invested and wonât be buying)
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That is on point a lot of people do take the payout. this gives the worry free life and allows them to focus on what is important
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The article made out he dumped 75% of his total holding but didnât account for the class B which makes up the vast majority of his holdings.
I like to see a founder have their âpaydayâ after all this is partly what drives other founders when theyâre in the middle of the 20 hours a days grind.
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Exactly 
There is a huge difference between
and
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Saw this on Twitter.
Coinbase did a direct listing. Not an IPO.
Only existing shares can be sold. No new shares are created.
The only way for their to be a market is for existing holder to sell. And they register the shares to do so.
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130.7 million Class A shares
68.5 million Class B shares
Total: 261.3 million when shares are measured on a fully diluted basis.
Will we see Coinbase sp drop tomorrow?
My guess is yes. Today people will get scared and sell. Hopefully temporary!
ÂŁARB - The Bitcoin miner are up 7% as of typing.
Given $COIN make money on volatility, with both buying & selling earning them transaction fees, I wouldnât expect a crash.
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Your right that Coinbase make most of their money in fees so it shouldnât make any difference what the price of BTC is.
But the price is determined by human emotion and sentiment, so if the sentiment towards crypto goes south so will the sentiment towards exchange valuations.
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Jeez all time low todayâŚcmon COIN!
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Buy the dip!!
PayPal have a crypto trading app now.