How many users did they lose? Real numbers not Twitter and Reddit anecdotes.
2021 Stock Market
- Thread starter Mtowncyclone13
- Start date
How many users did they lose? Real numbers not Twitter and Reddit anecdotes.
Does he not sound identical to the apes trying to crash this stock? He is saying verbatim what they are saying on stock message boards.
I already rode the AMC rocket from $11 to $50. Then I spent all those tendies on the RH IPO. Let’s see who wins.
Define 'great' it's valued at $40B, yes with a B, on quarterly revenues of ~$550M. Another 'fintech' SOFI (which has banking and loan market access beyond their trading platform) is valued at $10B with quarterly revenues of ~$250M.
So 4x the market cap with 2x the quarterly revs and a slower annual user growth rate
($HOOD = 109% 'monthly users' YoY; $SOFI = 113%) -- checks notes, yep no 'apes' around here...
I feel like Robinhood has an actual product to sell that might be useful and has some potential.
Dont get me wrong, I like to check my portfolio while I’m at the moving pictures.
JFC the AMC apes have taken over CF too! Tell us all how corrupt Vlad is!
JFC someone is a little sensitive about Robinhood, show us on this doll where the reddit users hurt you. You sound like a boomer who is going to tell me dividends are the way to go and if I am patient some day I too could be rich.
For the record, I don't hold any position in AMC nor have I even been on a reddit board for AMC. But I guess you make one comment and dumb asses get sensitive.
For the record, I don't hold any position in AMC nor have I even been on a reddit board for AMC. But I guess you make one comment and dumb asses get sensitive.
They lost me. Switched to Fidelity.
"Some 41% of Robinhood's total revenue came from transaction-based revenue earned from cryptocurrency transactions, up from 17% in Q1; 62% of its Q2 cryptocurrency transaction-based revenue is attributable to dogecoin vs. 34% in the prior quarter."
"With cryptocurrency revenue totaling $233M in Q2 2021, dogecoin would account for ~$144M of that. That implies that dogecoin accounts for ~25% for its total net revenue of $565M in Q2."
Double checks notes... No memes here.
Robinhood Robinhood attributes much of its revenue growth to dogecoin (NASDAQ:HOOD)
Cryptocurrency transactions helped power Robinhood Markets' (HOOD) surge in Q2 revenue and dogecoin (DOGE-USD) made up the majority of its cryptocurrency transactions, the company said...
"Some 41% of Robinhood's total revenue came from transaction-based revenue earned from cryptocurrency transactions, up from 17% in Q1; 62% of its Q2 cryptocurrency transaction-based revenue is attributable to dogecoin vs. 34% in the prior quarter."
"With cryptocurrency revenue totaling $233M in Q2 2021, dogecoin would account for ~$144M of that. That implies that dogecoin accounts for ~25% for its total net revenue of $565M in Q2."
Double checks notes... No memes here.
Robinhood Robinhood attributes much of its revenue growth to dogecoin (NASDAQ:HOOD)
Cryptocurrency transactions helped power Robinhood Markets' (HOOD) surge in Q2 revenue and dogecoin (DOGE-USD) made up the majority of its cryptocurrency transactions, the company said...seekingalpha.com
Don't get me wrong I am in favor of crypto but right now it is trendy and has very little regulation. I could see it lasting but it also has (might already be) the potential to be used nefariously without oversight. Seems like a bubble to me but I guess I am just stupid ape so don't listen to me.
Hey, don’t rip dividends completely. There are times that I’ve used dividends as my decider between a couple choices. If I think we have a poorer performance period coming up and want to hedge my bets slightly, I may look at dividend yields.
Yea after they started locking you from buying some stock they lost me. I still have about 8K wrapped up in them that I need to move over to my TD Ameritrade. As far as HOOD goes, not sure I'll be buying any purely because I believe I saw that their average account holders value is like 400 bucks or something? To have substantial growth over time you would need to either had way more users OR account values would need to grow substantially, which I personally don't see happening. But who knows
IMO crypto right now is like ".com stocks" in the early to mid 00's - it's the wild-west and anything 'crypto' is trendy.
In the end only a few survive and something tells me it won't be dogecoin.
Not sure about account value, but total 'revs per user' was $112.
On the flip side, there will always be a “new dogecoin” as long as the internet and RH style apps exist.
A big part of their plan as that this will introduce crypto traders to the stock market. I have a hard time believing the entire business model is based around dogecoin."Some 41% of Robinhood's total revenue came from transaction-based revenue earned from cryptocurrency transactions, up from 17% in Q1; 62% of its Q2 cryptocurrency transaction-based revenue is attributable to dogecoin vs. 34% in the prior quarter."
"With cryptocurrency revenue totaling $233M in Q2 2021, dogecoin would account for ~$144M of that. That implies that dogecoin accounts for ~25% for its total net revenue of $565M in Q2."
Double checks notes... No memes here.
Robinhood Robinhood attributes much of its revenue growth to dogecoin (NASDAQ:HOOD)
Cryptocurrency transactions helped power Robinhood Markets' (HOOD) surge in Q2 revenue and dogecoin (DOGE-USD) made up the majority of its cryptocurrency transactions, the company said...
Where is $HOOD's 'moat' in this scenario? Coinbase, Paypal, personal wallets are all alternatives I can name off the top of my head and I have no doubt there are others
