SBF@SBF_FTXI'm confused how they beat expectations by much, their volume is publicQuote TweetFrank Chaparro@fintechfrank·Feb 24Fourth quarter revenues came in at $2.5bn, beating Wall Street's expectationsShow this thread9:36 PM · Feb 24, 2022·Twitter Web App17 Retweets6 Quote Tweets570 Likes
Charlie Sandor@CharlieSandor·Feb 24Replying to @fintechfrank and @SBF_FTXAren't trading fees variable? So beating on revenue when the volume is known means the Street miscalculated the volume distribution across users or the % that use coinbase pro vs. regular frontend3213
Blubber Producer@BlubberProducer·Feb 24Replying to @SBF_FTXVolumes are more or less known, but take rate is more volatile.7
William Andreasyan@WAndreasyan·Feb 24Replying to @SBF_FTXThe analysts who set “expectations” aren’t the most sophisticated.15
Chris@chriswarriner·Feb 24Replying to @SBF_FTXMe too!Quote TweetChris@chriswarriner·Feb 24Can anyone verifiy this? I do wonder what the in and out flows are! twitter.com/tier10k/status…1