Stocks making the biggest moves midday: Shopify, Advanced Micro Devices, PayPal, Intel, Coinbase & more ⊕
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2026 › May › 05
Coinbase
81 days ago
Here are the stocks making headlines in midday trading.
After Coinbase, prediction market traders forecast more tech layoffs ahead ⊕
Traders on prediction market platforms give a high probability to layoffs in the tech sector reaching more than 447,000 jobs in 2026.
Coinbase to cut 14% of staff over impact of AI and volatile markets ⊖
Crypto exchange’s CEO says the technology is speeding up its processes, meaning fewer employees are needed
Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining ○
Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates.
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