Elon Musk and Twitter Taking a Break? Coinbase CFO: “We’ve navigated through crypto cycles” 5/13/22

Elon Musk announced today that his Twitter deal is on hold “temporarily” until he receives more information about how many fake accounts exist on the social media platform. In a follow-up tweet a few hours later, Musk added that he was “still committed to the acquisition.” Wedbush’s Dan Ives discusses the implications of the tweet and the future of the deal. Coinbase shares hit a new 52-week low on Thursday after reporting revenue that fell 27% from a year ago. Coinbase CFO Alesia Haas addressed these concerns with Andrew Ross Sorkin in a wide ranging interview – Squawk Pod is where you’ll hear their full conversation. They discussed the bankruptcy disclosure the company released this week and a major outage yesterday that kept users unable to trade during the worst of the market sell-off. Plus, check out the podcast Monday for an exclusive interview with Former Fed Chair Ben Bernanke! He shares his perspective on the Fed’s latest rate hike, inflation, crypto & more.

In this episode:
Alesia Haas, @coinbase
Dan Ives, @DivesTech
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Zach Vallese, @zachvallese