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Coinbase allows customers to buy and sell digital currencies and takes a transaction fee.Credit.Jason Henry for The New York Times Shares in Coinbase, the first major cryptocurrency company to list its shares on a U.S. stock exchange, soared in their market debut Wednesday, showing that investors are hungry to get a piece of the hot market for digital currencies. Coinbase began trading at $381 a share, a 52 percent increase over a $250 reference price set by Nasdaq on Tuesday, and immediately soared to $409 a share. The listing valued Coinbase at $99.6 billion, rivaling the size of Airbnb and Facebook at their public market debuts. ....
Photo: Ezra Shaw/Getty Images It’s been widely indeed, endlessly noted that Peloton has been a rare “winner” of the pandemic. With gyms reeling, many have opted for the high-tech home bike system, which involves a $1,900 piece of hardware and a $39 monthly subscription for custom exercise classes. The latest dramatic twist: Now the eight-year-old publicly traded company is reportedly “threatened” by its own struggles to meet the demand and fulfill orders for impatient customers. “The hype surrounding Peloton is like no other,” one analyst told the This insulated slice of America the million or so Peloton owners and their professional-class peers Zooming and home-ordering from Whole Foods through the pandemic recession is the Peloton Economy. It’s gotten quite a bit of attention in a year when health and economic forces have simultaneously upturned and ended lives month after month. But ultimately, we need to face up to the fact that the Peloton Eco ....