Spotted in Coinbase’s most recent 10-Q: Coinbase has stopped using trading volume as a key metric, which is I’m sure completely unrelated to the 38%/48% decrease in spot trading volume they reported over the past three/six months
Commenti (6)
@molly0xfff@hachyderm.io :thonk:
something else: hey, I’m really glad you’re reading through these for us. thanks for doing so! I forget 10-K’s and 10-Q’s existing roughly 3 seconds after input from them
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@molly0xfff@hachyderm.io Very much like Google no longer reporting CPC after it had gone down by double digit percentages for several years in a row.
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Ah. They are now measuring "the trust customers place in Coinbase", and for details about that they are referring readers to a section titled "Non-GAAP and Other Measures".
As one does in a totally transparent and absolutely not a scam business.
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@molly0xfff@hachyderm.io #Bitcoin (and other #crypto currencies) is like rat poison squared.” - Warren Buffett
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@molly0xfff@hachyderm.io See, that's a great example of something an LLM would never write.
Only pure sweat-of-the-brow human creativity can come up with such novel types of and justifications for fraud.
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@molly0xfff@hachyderm.io couldn't happen to a better CEO