Top News

Piper Sandler Lists Reasons Behind Its Optimistic View On Qualcomm

Motley Fool

Why Shares of Coinbase Fell Today

Shares of the large crypto exchange Coinbase (NASDAQ: COIN) fell nearly 5% today after a big investor took a short position in the company, which currently has a nearly $38.5 billion market cap. Veteran short seller Jim Chanos, who rose to prominence by shorting Enron before scandal engulfed the energy and commodities company and eventually took it out of business, now thinks Coinbase is overvalued. Chanos of Kynikos Associates told CNBC Friday that he thinks Coinbase is a “bubble stock.”

View Article Origin Here

Related Articles

Back to top button