✍️ Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year.
According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from $483 million the previous year.
The company said it has 43 million verified users as of the end of 2020, with 2.8 million making monthly transactions. Trading in bitcoin and ethereum made up 56% of users’ trading volume, Coinbase said.
The company will use a direct listing to offer its shares instead of a traditional initial public offering. A direct listing is an alternative to an IPO, and it involves investors and employees converting their ownership stakes into stock that’s listed on an exchange.
https://www.cnbc.com/2021/02/25/coinbase-files-for-direct-listing-after-revenue-more-than-doubles-in-2020.html
According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from $483 million the previous year.
The company said it has 43 million verified users as of the end of 2020, with 2.8 million making monthly transactions. Trading in bitcoin and ethereum made up 56% of users’ trading volume, Coinbase said.
The company will use a direct listing to offer its shares instead of a traditional initial public offering. A direct listing is an alternative to an IPO, and it involves investors and employees converting their ownership stakes into stock that’s listed on an exchange.
https://www.cnbc.com/2021/02/25/coinbase-files-for-direct-listing-after-revenue-more-than-doubles-in-2020.html
CNBC
Coinbase files for direct listing after revenue more than doubles in 2020
Coinbase's filing showed that it made more than $1.1 billion in net revenue last year.
🇦🇺 Australia’s parliament passed a law on Thursday to make Google and Facebook pay media companies for content on their platforms in reforms that countries such as Britain and Canada are looking to replicate.
After robust negotiations in which Facebook blocked all news content in the 13th-largest economy, the vote makes Australia the first nation where a government arbitrator can set the price tech giants pay domestic media if private talks fail.
Facebook’s news ban, which also blacked out many nonprofit and government pages, would be lifted the following day, eight days after the measure took effect.
https://www.reuters.com/article/us-australia-media-idUSKBN2AO2ZL
After robust negotiations in which Facebook blocked all news content in the 13th-largest economy, the vote makes Australia the first nation where a government arbitrator can set the price tech giants pay domestic media if private talks fail.
Facebook’s news ban, which also blacked out many nonprofit and government pages, would be lifted the following day, eight days after the measure took effect.
https://www.reuters.com/article/us-australia-media-idUSKBN2AO2ZL
U.S.
Australian parliament passes media reforms after last-ditch changes
Australia's parliament passed a law on Thursday to make Alphabet Inc's Google and Facebook Inc pay media companies for content on their platforms in reforms that countries such as Britain and Canada are looking to replicate.