😎 Don't mess with Coinbase

What Would Elon Tweet? | Airbnb reopens its doors | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 17th in 3:10 minutes. 🇺🇸 We get it: all this talk about inflation and interest rates can feel quite abstract. So join economist Steve Hanke for [How To Prepare For The Coming Market Shift](, and find out how what it all means for your portfolio in real terms. [Get your ticket]( Today's big stories - Soaring crypto prices saw Coinbase more than triple its revenue last quarter - Short seller Carson Block has some advice to help you become a better investor than Wall Street’s “mediocre” money managers – [Read Now]( - With travel demand on the rise again, Airbnb beat analyst expectations for bookings last quarter Watch This Base [Watch This Base] What’s Going On Here? Coinbase [reported]( its first quarterly results on Friday since hitting the US stock market last month, and the crypto exchange teased even better things to come. What Does This Mean? Whoa mama: Coinbase’s revenue more than tripled from the quarter before and surged almost tenfold from the same time last year. That led to a 300% uptick in the company’s profit from the quarter before. Still, it shouldn’t exactly be a shock: crypto prices have been booming, and investors have been tripping over themselves to trade the digital rascals on Coinbase’s platform. So many investors, in fact, that its total number of monthly active users more than doubled from the quarter before – from 2.8 million to 6.1 million. Why Should I Care? Zooming in: Where bitcoin goes, Coinbase follows. Coinbase makes almost all its revenue from trading fees, and since most of those trades are in bitcoin, the company’s success is closely linked to that of the OG crypto. So it can’t have gone down well when bitcoin’s price tanked the day before its earnings announcement, right after Tesla announced that it’d [stop]( accepting the crypto as payment. The EV-maker’s [Technoking]( cited environmental concerns, and he’s not wrong: bitcoin mining [uses]( more electricity than most countries do ([tweet this](). And if other eco-conscious companies make the same pledge, bitcoin – and by extension Coinbase – could well take another tumble. For markets: Such cryptocurrencies. Very competition. Coinbase’s stock is down more than 30% from the peak it hit on its first day of trading, but it’s not all down to Elon’s tweets. Coinbase has also been facing increased competition from platforms that offer a more diverse range of cryptocurrencies. Cryptocurrencies like dogecoin, the meme-inspired former joke that’s up almost tenfold in the last three months. So now Coinbase wants in: the firm said on its earnings call that it finally plans to list dogecoin in the next two months. So wow. You might also like: [Forget about bitcoin: coinbase is the next big crypto play.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Watch This Base&utm_campaign=daily-global-17-05-2021&utm_source=email) 2. Analyst Take Carson Block’s Advice For Investors What’s Going On Here? Carson Block has [opinions](. That much was clear from [our first interview with the world-famous short seller]( last week, but he had a lot more to say in part two. He gave us his thoughts on SPACs (“garbage”), on retail options trading (“not healthy”), and on Wall Street investors (“entitled” and [“lazy as ****”](). But he has [some advice]( too. Because as Carson puts it, you don’t need to “study years of finance not to have your ass handed to you.” In fact, he says there’s one [simple but underappreciated way]( to become a better investor than the “mediocre” people on Wall Street. So that’s today’s Insight: [Carson Block’s foolproof advice on how to outdo the professionals](. [Read or listen to the Insight here]( SPONSORED BY ETORO Join the big crypto platform about town You’ve probably already heard of [eToro](, and there’s a good reason for that. It’s [one of the leading cryptocurrency platforms]( out there, having built a reputation for giving you the platform, information, and features you need to scratch your crypto itch. For starters, you’ll get an [easy-to-use interface]( with state-of-the-art security, available on mobile or desktop. That’s a given. Next up, you can use [eToro’s virtual portfolio]( to practice completely risk free. You’ll [get $100K in “play money”]( to try out its platform, using real-time market data. And better still, you’ll be able to learn more about the crypto investing world with [an extensive catalogue of market guides]( – not to mention a [newsletter]( so good we’re a little jealous. Join eToro’s global community of 20 million investors: [get started now](. [Join eToro]( When you support our sponsors, you support us. Thanks for that. The Great Outdoors [The Great Outdoors] What’s Going On Here? Looks like people are finally getting outnabout again: online travel platform Airbnb [booked]( quarterly revenue that beat analysts’ expectations, initially sending its shares up 2% on Friday. What Does This Mean? Vaccine rollouts sure are proving a shot in the arm for Airbnb. With travel restrictions gradually lifting, the company’s global bookings were up 13% last quarter compared to the same time last year. Unlike a trip to Venice in peak tourist season, that was even better than investors had imagined – and a welcome change after a solid year of [declines](. The value of those bookings was also higher than expected as customers treated themselves to more expensive trips – with non-urban and whole-family vacations in particular more popular than usual. The only downer was Airbnb’s profitability, which fell well short of estimates as the company repaid some of the hefty debt it took on at the height of the pandemic. Why Should I Care? For markets: IP-whoa there. Travel demand may be rising, but Airbnb’s [five-month-old]( stock price is over 30% below its mid-February highs. True, there’s been a broader tech [selloff](, but other recent stock market debutantes – including DoorDash and Coinbase – have done particularly poorly recently too. Whether that’s because investors are worried about [inflation]( or just because they realized they got a bit ahead of themselves, they might now be a bit more measured about upcoming market listings. Zooming out: Not another box set. One company that’s less happy about families leaving the house again is Disney, which admitted late last week that its formerly fast-growing Disney+ streaming service [attracted]( fewer new customers than expected last quarter. While Mousecorp maintains it can more than double subscriber numbers to a Netflix-esque 260 million by 2024, Disney+ will also need to improve its average revenue per customer. That’s currently less than half that of its streaming rival, which is only now [generating]( enough cash to actually fund its operations. You might also like: [How to pick out a winner among media companies.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=The Great Outdoors&utm_campaign=daily-global-17-05-2021&utm_source=email) 💬 Quote of the day “If things are too easy, life is a whole lot less interesting.” – Marian Wright Edelman (an American activist for children's rights) [Tweet this]( SPONSORED BY ETORO Trade crypto like the experts Here’s one of our favorite eToro features: [CopyTrader™](. CopyTrader™ lets you [view what real traders are doing]( in real time and [copy their trading automatically](. So you’ll be able to trade like the very best. Here’s how it works. First, you [search for a trader](: you can whittle them down by how well they’ve performed, what they trade, how riskily they play it, and more. Once you’ve found one you like, set the amount you’d like to copy. Then just hit “copy”, and you’ll start automatically replicating that trader’s every position. You can choose [one trader]( to copy, or [100 all at once](. And since you can cancel the copy, pause it, and add or remove funds at any time, you’ll always be in complete control. Sounds like a no-brainer: [try CopyTrader™ today](. [Try CopyTrader™ Today]( When you support our sponsors, you support us. Thanks for that. 📚 What we're reading - Sobriety in 2020 was rough ([Catapult]() - Start your bitcoin investing journey with the symbol: GBTC ([Grayscale]()* - Make crypto less cryptic – invest with eToro ([eToro]()* - Want to run further? Go pink ([Planet Radio]() - The rise of Instagram-firmations ([Elle]() When you support our sponsors, you support us. Thanks for that. 🌏 Finimize Live 📢 Say Steve’s name We pushed this event up top, but no matter how many times you say Steve Hanke, it never gets old. So come to our [How To Prepare For The Coming Market Shift]( with celebrated Johns Hopkins economist Steve Hanke, and let Steve Hanke show you how to navigate the States’ next economic steps. 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