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Eastman (EMN) Falls to New Low on Earnings Drop
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Riot Platforms (RIOT) Down Heavily on 6th Day as Earnings Disappoint
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Coinbase (COIN) Drops 16.7% as Crypto Prices Fall
We recently published . Coinbase Global, Inc. (NASDAQ:COIN) is one of the worst-performing stocks on Friday. Coinbase Global fell by 16.7 percent on Friday to close at $314.69 apiece as investors sold off positions amid the broader market pessimism that heavily spilled over to cryptocurrency prices and crypto trading platforms. Coinbase Global, Inc. (NASDAQ:COIN) dropped in line with Bitcoin prices, which, as of writing, were down by 1.79 percent at the $113,000 level. In other developments, Coinbase Global, Inc. (NASDAQ:COIN) reported an impressive earnings performance in the second quarter of the year, which soared by 3,869 percent to $1.4 billion from only $36 million in the same period last year. Net revenues also inched up by 2.9 percent to $1.42 billion from $1.38 billion year-on-year. However, total transaction revenue was notably lower by 2 percent at $764.3 million versus the $780.9 million year-on-year amid a muted trading during the second quarter as a result of a more cautious market environment. 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 . 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
