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Coinbase Global (COIN): 'For All I Know It's A Pump And Dump, I Don't See Anybody Dumping?' Says Jim Cramer
We recently published . ABC is one of the stocks Jim Cramer recently discussed. Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange whose 57% year-to-date share price gain has resulted from legislation benefiting stablecoins and the bullish run in Bitcoin. Cramer's previous comments about Coinbase Global, Inc. (NASDAQ:COIN) asserted that the firm has benefited from its large market share. This time, he discussed Coinbase Global, Inc. (NASDAQ:COIN)'s valuation: '[On Cantor going to $500] I think that's within reason. PE's of these companies, this is the lowest one in park, at 40 times earnings, well Robinhood's not that low yet, I mean not that high. I mean People have to understand P/E analysis is not working. Robinhood's at 62 times earnings. COIN is at 40 times earnings. And people will say, uh, Jim, the multiple's too high. And I come back and say, do you really think the retail investor knows what a multiple is? Like what are you like, some sort of abstraction? See, this is a new world. I'm realistic. Look, for all I know it's a pump and dump, I don't see anybody dumping? I'll tell you when it's over. When the insiders do big deals and sell. And when there's secondaries. And there haven't been. That's what caused 2014. That's what caused it to end. 2020. That's what caused it to end. I mean, 2000. That's what caused it. 2000 being the vicious number of secondaries between January and March of 2021 and also about 2020. These years were just horrendous. And these companies broke down. I'm waiting for that. But it's not happening. So I wanna give people my history. Which is that it should have happened by now. Like Karp should have been selling and the companies should have been raising money. But they don't need to. These companies are incredibly well capitalized. And when people want to try and say, you know what they're like what happened to the dotcoms, I remember the dotcoms. They didn't have any money.' While we acknowledge the potential of COIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
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Supreme Court won't hear thumbs-up emoji case involving Saskatchewan farmer
OTTAWA — The Supreme Court of Canada has given a thumbs-down to hearing a legal case involving an emoji. The country's highest court dismissed an application by farmer Chris Achter to appeal a decision by the Court of Appeal of Saskatchewan. The Appeal Court upheld a verdict that found a thumbs-up emoji met signature requirements and was a legally binding agreement between Achter and Kent Mickleborough, a grain buyer with South West Terminal. In 2021, Mickleborough sent a text of a contract to Achter for a delivery of flax, and the farmer responded with a thumbs-up emoji. Achter didn't deliver the product, and the company took him to court for breaching the contract. The Supreme Court says costs are to be given to the grain company. This report by The Canadian Press was first published July 24, 2025. The Canadian Press Sign in to access your portfolio
Yahoo
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Amazon faces UK lawsuits worth up to $5.4 billion from retailers, consumers
LONDON (Reuters) -Amazon faces two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.4 billion) for allegedly abusing its dominant position, after a London tribunal on Thursday certified the cases could proceed. Andreas Stephan, a competition law academic, is bringing one of the cases on behalf of over 200,000 third-party retailers, worth up to 2.7 billion pounds. His lawyers allege that Amazon manipulates the "Buy Box" feature on its website to its own advantage and favours products that use Amazon's own logistics centres and delivery network. Consumer advocate Robert Hammond is separately bringing a case valued at up to 1.3 billion pounds on behalf of millions of Amazon customers for similar alleged abuses of dominance. Amazon argued that the Competition Appeal Tribunal should certify the cases to proceed, an early step in the proceedings, including because the economic methodology for proving the cases was flawed. But the tribunal certified both cases on an opt-out basis, meaning members of the claimant class will be part of the case unless they decide otherwise. An Amazon spokesperson said: "These claims are without merit and we're confident that will become clear through the legal process. "Amazon has always focused on supporting the 100,000 businesses that sell their products on our UK store, and more than half of all physical product sales on our UK store are from independent selling partners." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
