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To wit: https://techcrunch.com/2021/04/14/coinbase-opens-at-381-per-share-valuing-the-crypto-exchange-at-nearly-100b https://techcrunch.com/2021/04/14/coinbase-

• skinnymuch 5y ago
  Still true, but to be fair, Coinbase closed that first day lower. I don’t believe Coinbase has ever reached $381 again. It’s back at the $250 reference, even below that right now by a buck. Still a $55B company with an absolute insane profit margin right now.
  • samhw 5y ago
    Ah, thank you, I didn't realise that and I appreciate the correction :) And yes, I agree with the main point. $100b was wrong, but Coinbase still overwhelmingly proves the rule: namely that, setting aside the few Bitcoin millionaires who made irrational decisions and got lucky, the croupier is the only guy who goes home richer.