Re: Twitter Spaces notes, Part 6
I think Coinbase will be a zero at some point.
What is the model of this business?
Marc. Good question! I'm not a spreadsheet guy, I do the math in my head.
A guy sent me something today, I think $60 in 6 months with B plus execution.
$350m EBITDA, 17x EBITDA. Marc: I think my friend is being conservative. Wayfair has said it will have to cut spending.
Headwinds to tailwinds.
I think numbers and expectations are low.
The Street is negative; no coverage.
OSTK is a runner. This stock can move.