After going public, once-hot startups are riding a valuation roller coaster

To close out the week, a short meditation on value, or, more precisely, how assets are valued in today’s markets. Do you recall the pre-direct-listing hype Coinbase enjoyed? After reporting its estimated first-quarter financial performance, interest in the domestic cryptocurrency trading giant ran red-hot. When Coinbase set a $250 per-share direct listing reference price, it was […]