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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I didn’t notice that! That’s @Raul any excuse for cake!
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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Robinhood, a major US commission-free stock trading and investing app, on Friday launched the Robinhood Investor Index to track the top 100 stocks its users are investing in.
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They stole my idea, I was going to call it a “ME-tf”
What’s that you like a ETF but don’t want to pay for some to balance it for you, no problem just copy them!
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Surely that’s just the ‘social follow trading’ thing BOTs & etoro advertised?
Which means if you have an ‘influencer’ with lots of followers buy a stock cheaply,. All the followers buy driving it up, the influencer then sells
It’s like an automated pump and dump
It’s seems that Citadel, the trading partner of Robinhood is not really suffering any financial impact from the outrage of the meme stock community about Payment for Order Flow.
They just reported a $16bn annual profit.
Again it seems that Wall Street trashed Main Street
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24 hr trading… what could possibly go wrong.
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I see their plans to enter the UK may be picked up again?
Flying this month
Just signed up to their waitlist. Here are their 3 bullets they highlight in the confirmation email:
- Invest in US stocks without commission or FX fees*
- Get 5% interest on uninvested cash
- Trade 24 hours a day, 5 days a week, even while the US is sleeping
Weren’t Freetrade looking at 24/5 trading? Any ideas if that’s still landing anytime soon?
Can’t remember hearing anything from FT relating to out of hours trading, it kind of goes against their vision also.
Robinhood will be more geared towards fast trading than long term investing. 24/5 trading supports this interpretation.
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The stock is up 93% in the last year… any reason?
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Better results at a glance, a fair amount will have been driven by the rise in crypto as well as rises in trading, healthier looking markets etc.
Robin hood also does not just rely on trading activity for profits they are diversifying in to other streams as well like providing platform for shareholder voting etc… not just for their own customer
great news from Fintech valuations (including freetrade).
Robinhood now trade at 8x revenues
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