Business
May 8, 2026
Coinbase Stock Slides After $394M Loss, 31% Revenue Drop, and Two-Hour Outage
Coinbase stock dropped in after-hours trading, largely due to the company reporting a surprise quarterly loss and revenue miss. The weak Coinbase earnings came during a slowdown in crypto trading activity. But the pressure increased later in the day when users also began reporting transaction issues. This was tied to an AWS outage affecting Coinbase. […]