I don’t have the exact numbers because these haven’t been disclosed yet but $COIN likely paid som...
Twitter
Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
Coinbase (COIN) likely acquired Echo at a high valuation of 10-20x revenue, signaling a potential reset in tech acquisition multiples. This suggests that legacy companies with declining core businesses may aggressively acquire small-cap tech firms, potentially creating opportunities in the small-cap tech sector. Investors should monitor this trend for potential acquisition targets.
Ask about this postAnswers are grounded in this post's content.
Tweet
About Beanie
Beanie
By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.