Robinhood is turning into a super app. In their last earnings call they said they are working on a spend and save product which will focus on day to day spending. Then there’s the stuff I mentioned above and more I don’t even recall.
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Q1 2022
Revenues declined 43% vs Q1 2021
Net Loss of £392m
Its not looking well…
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Q1 2021 would be hard to compete with given that’s when WallStreetBets was doing its thing.
Robinhood saying they won’t issue guidance anymore is a bad look.
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That’s a terrible look, like analysts won’t just do the calculations out for them with incomplete data so now they’ve lost their own narrative.
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From the FT:
“The results came as retail brokerages that experienced a pandemic-driven boom have reported a pullback from retail investors compared to 2021. Uncertain markets, rising interest rates, lack of fiscal stimulus, return to pre-lockdown routines and inflation, which is squeezing households’ bottom lines, have contributed to investor reticence about investing”.
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Robinhood launch stock lending.
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They’re doing it the right way too. It’s completely optional, can be turned off at any time, and the customer gets some revenue in return for taking the risk.
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I think it a good idea I wounder if freetrade will do the same 
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On the last earnings call Robinhood said “…we recently entered into an agreement to acquire Ziglu for $170 million, primarily in cash.” That’s a nice uplift from the last Seedrs raise in September 2021.
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Exactly this what I really wanted - Some shares to take the risk
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FTX is becoming a direct competitor.
As an aside, the founder of FTX picked up a lot of HOOD shares a few weeks ago.
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Might be buying a few more, by a few more I mean all of them!
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Vlad still controls 50% of voting powers at Robinhood so he would need to be onboard with this.
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Gawd bless founder-weighted dual-class share structures!
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May U have the best cake day so far 
Send us a slice
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The company also dropped its earnings report for the second quarter, which showed a decline in monthly active users and assets under custody.
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This isn’t a good look either:
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