Meet the Newest Stock in the S&P 500: It Has Soared 640% Since 2023 and Is Still a Buy in 2025, According to Certain Wall Street Analysts
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Coinbase Joins the S&P 500: Recovers from a Cyberattack and an Investigation - The Cryptocurrency Post
TL;DR Coinbase’s shares rose more than 30% after announcing its inclusion in the S&P 500, which requires passive funds and ETFs to buy its stock. A cyberattack estimated to cost $400 million and a regulatory investigation into user numbers briefly impacted the stock price, which fell 7.2%. Although demand for its shares will continue due to the index inclusion, fund purchases may slow down, and its performance will set a benchmark for other cry…
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