Robinhood - A dip I will never buy ~ HOOD
$Robinhood(HOOD.US$ Yesterday shortly after Robinhood posted its third-quarter results the stock fell only 9%. Yes. I said only 9%. Robinhood's performance was so poor the analysts have real concerns over the company's outlook.
Few reasons why:
1.Robinhood is bleeding out users - The number of funded accounts declined from 22.5 million to 22.4 million - only 100,000 users leaving the service, But the real issue is the "Monthly Active Users" metric - this quarter this number reached 18.9 million versus 21. million users last quarter.
1.Robinhood is bleeding out users - The number of funded accounts declined from 22.5 million to 22.4 million - only 100,000 users leaving the service, But the real issue is the "Monthly Active Users" metric - this quarter this number reached 18.9 million versus 21. million users last quarter.
2.Average Revenue Per User declined significantly - The metric ARPU helps investors to realize how much money the company earn from each registered customer. this number is decreasing consistently, from $137 per user in Q1 to $112 in Q2this quarter this number dropped dramatically - only $65 in revenue per user
3.Robinhood’s revenue stream relies heavily on dogecoin - cryptocurrency transactions made up 52% of Robinhood’s total transaction-related revenue, and of the number 62% of its revenue came from Dogecoin transaction fees.
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Cully : Once I heard about the GME situation I knew I'd never touch it. That said crypto exchanges aren't that much better if you believe the stories around here
KLaue : Well, if you turned off the buy button preventing the price to go up any higher and only allow people to sell, what you think would happen?
I don’t care if HOOD have potential to go up high. I’m not investing my money on them base on principles. The only way I’ll trade HOOD is I’ll short them to oblivion and but puts on them over and over again.
lailie : Over half of their tx money came from crypto. a lot of why they lost money probably has to do with their refusal to let people buy shib, as well as their refusal to implement wallets and become an exchange.
It's obvious they're never actually going to let people buy actual crypto, users started realizing that, and moved to binance/coinbase/etc.
syuraj : Imagine they add few more crypto and they ca n literally quadruple their revenue without doing anything. Besides crypto wallet is coming. Too fool to not scoup at these levels.
71855912 : Well if they weren’t in citadels pocket they probably would do better. Robinhood or hoodrobbing?