Influencers on Twitter cherished Coinbase public debut on Nasdaq, says GlobalData
April 26, 2021 (Investorideas.com Newswire) California-based cryptocurrency exchange platform Coinbase Global, Inc. (Coinbase) made its Nasdaq debut on 14 April 2021. Against this backdrop, the company witnessed a 500% jump in influencer conversations on Twitter during the third week of April 2021 over the previous week, according to GlobalData, a leading data and analytics company.
Coinbase's share price soared above US$380, when compared to its reference price of US$250. The company's valuation surged above US$100bn, significantly higher than the Intercontinental Exchange and Nasdaq.
Smitarani Tripathy, Influencer Analyst at GlobalData, comments: "The influencers see the company's move for public listing as a driver for cryptocurrency market validation and capitalize on crypto bull run. The influencers' sentiment was largely positive on the company's move for public listing, which according to them, may work as a barometer for growing adoption of cryptocurrencies including Bitcoin, Ethereum, Litecoin and Bitcoin Cash."
Below are a few most popular tweets captured by GlobalData's Influencer Platform:
1. Mathew Prince, CEO of Cloud Flare:
"Congratulations to @brian_armstrong and the @Coinbase team on going public today! Terrific to have you as a @Cloudflare customer. @fredwilson shared that the initial pitch to @usv was in a conference room in our offices years ago. Proud to have been a small part of the journey."
https://twitter.com/eastdakota/status/1382357638558601216
2. Jim Carmer, Founder of The Street:
"I think @coinbase is the real deal...however, this stock could be insanely volatile, says @jimcramer. You got to be real disciplined about buying it at the right levels."
https://twitter.com/MadMoneyOnCNBC/status/1382327049122156553
3. Carl Quintanilla, anchor of CNBC's "Squawk on the Street":
"I remember when Coinbase raised $1 billion and everyone thought it was crazy, and here we are at 100x," says @dickc on @CNBCTechCheck. Players like these "are going to grow and grow because their total addressable market is everything."
https://twitter.com/carlquintanilla/status/1381988633025114113
4. Arjun Kharpal, China Technology Correspondent at CNBC:
"#Coinbase is set to become the first major crypto business to go public in the U.S. and, should it reach a $100 billion market cap, will instantly be one of the country's 85 most valuable companies."
https://twitter.com/ArjunKharpal/status/1382308745477165056
5. Dion H inchcliffe, Digital Strategist
"The power of decentralized finance (#DeFi), which has a 100% open book accounting system is just now being felt. The #IPO of @Coinbase will help mainstream #blockchain based #cryptocurrency."
https://twitter.com/dhinchcliffe/status/1381982944680669190
For more information
To gain access to our latest press releases: GlobalData Media Centre
Analysts available for comment. Please contact the GlobalData Press Office:
EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Email: pr@globaldata.com
Notes to Editors
- Quotes are provided by Smitarani Tripathy, Influencer Analyst at GlobalData
- Information is based on GlobalData’s Coinbase Inc, Company Influencer Platform, which track most relevant activity of the industry influencers on Twitter
- This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts
About GlobalData
4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.
More Info:
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
That's all it takes to get an article published on Investor Ideas - Learn More
