I avoid investing in meme stocks. HOOD has been one since it’s IPO. After its historic dip, I have been thinking is it a good long term investment? Based on my understanding, answer is still ‘no’ for the following reasons: 1. Payment for order flow is not a hugely profitable business model. Moreover, it may be banned in future by regulators. 2. Robinhood has gamified the investment so that users can trade more frequently. More trades, more order flow! However, regulators don’t like that. They may ask Robinhood to not gamify it. 3. Robinhood doesn’t manage assets like Charles Schwab or Fidelity. So, there is no ‘other’ source of income 4. Robinhood is trying to get onto crypto but there are already well established players. Any comment to prove me wrong is greatly appreciated. #Investment #robinhood TC:230k + paper money
What you are missing is that hood have fucked badly in GME. The ones that were impacted are their main customers and the one that are shorting the stocks are their customer base. Amazon is fu**k up but they at least understood to never mess up with customers
But what percentage of RH users were even involved in the GME thing? I suspect they are just a vocal minority.
Most RH falls under the category of gamblers rather than investors (see wsb). They were in robinhood because they felt it was fun/good learning experience with better chance to win than a casino. When the GME fiasco occurred, wsb gave a bad advertising to RH (thats why only RH got sued). If robinhood want to succeed they need to regain trust from their main customers. So first thing is to have the Bulgarian boy step down and then run a campain to regain trust
Cathie woods bought hood. Apparently for millennials that is the bullcase
Whats sad is robinhood still has the best UI out of all trading apps. Any other company thats not disabling people from selling gme or buying witb good UI could eat up
I think RH is a good company that attracts good talent. They are more innovative than the other brokerages. And as RH continues acquiring more assets, the other brokerages will lose their upper hand. RH = zoomers. Other brokerages = boomers
Very good point. If stock stays low like this for few more months, talented people might leave for greener pastures.
Brokerages usually profit from yields on the cash on deposit as well
HOOD could’ve been the next meme stock but they alienated the people who could’ve helped pump it. They’re seen as on the side of citadel and an opponent of retail investors
HOOD for only watching price
That counts as MAU!
HOOD is a shit company that deserves to die. There’s a thousands companies that are better investments potential than hood so why limit at them?
Major squeeeeeze coming to HOOD soon
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robinhood should disable the sell button on their app to avoid HOOD going further down 😂😂😂😂😂
Big banks wanting new players to fail.