Silvergate Capital Corporation (SI)
After hours:
- Motley Fool
Why MicroStrategy, Coinbase, and Silvergate Capital Are Falling Today
As of 2:45 p.m. ET today, shares of business intelligence company MicroStrategy (NASDAQ: MSTR) had fallen roughly 9%, crypto exchange Coinbase (NASDAQ: COIN) stock was down nearly 6%, and Silvergate Capital (NYSE: SI) shares traded nearly 7.5% lower. Because crypto trading volume has significantly slumped this year, so too have revenue and earnings at Coinbase, which has sent the stock sputtering.
- Motley Fool
Shopify's Net Losses in Q1 2022 Are Not Because of Fulfillment Network
Now investors can add one more item to the list of concerns: Shopify reported a $1.47 billion net loss in Q1 2022, compared to a $1.26 billion net profit a year ago. During the full-year 2021 financial update a few months ago, Shopify outlined how it would ramp up its investment in its shipping and logistics segment Shopify Fulfillment Network (SFN) in the next couple of years. This concerned some shareholders as Shopify continuously moves away from its ultra-asset-light and profitable e-commerce software business as it tries to woo over more merchants from platforms like Amazon.
- Motley Fool
Why Bitcoin, Ethereum, and Silvergate Capital Popped on Tuesday
Bitcoin (CRYPTO: BTC) was up as much as 3.5% in the past 24 hours, as of 2 p.m. ET, but is still off 4.7% in the past week. Its smaller rival Ethereum (CRYPTO: ETH) is up 3.2% today but is off 13.1% in the past week. Silvergate Capital (NYSE: SI), which is a digital finance company, has also seen its value rise as much as 13.2% in trading today, although it's up 10.9% as I'm writing.
