Reddit told me that Robinhood was gonna get obliterated upon IPO because they were all done using it. I don't understand.
RobinHood: Who does it actually steal from? Over 50+ millions of stocks are SOLD by the CEO, CFO, and CMO??? What the hell?? And Cathie Wood is still so bullish on this one??? ---Promise or Non-sense?--- Free trades, free everything. How do they make money? Mostly they rely on payment for order flow. They sell your data to trade firms as the firms apply data into algorithms to utilize the flow of retail money. Robinhood Gold is just a side business. I’m gonna cut the details and skip to the most discussed stuff I saw earlier. Here are some of my takes on them after some research. Please correct me if I’m wrong. The CEO, CFO, and CMO sold over 50+ millions of stocks? What the hell? Hey, man wants to buy a yacht and get stoned after a long period of grinding. They still own 9X% of the stock, it’s not like the company is dying. Why Cathie Wood seems so bullish on HOOD? It remains unclear, but could it be a pump and dump? Maybe she’s wants to do it like how WSB did on AMC and GME? I would love to hear your thoughts on this. Crypto currency wallet? I personally believe crypto buyers will flock to RH once they launch their service. I should probably save some money up for cryptos now. BTW, I don’t use RobinHood, I might be missing something. Additional details/discussion is appreciated if I miss anything here.
I guess the venn diagram of the number of traders on reddit not using Robinhood, and the number of traders still using Robinhood is not a perfectly overlapping circle
Robinhood Markets Initiated at Buy by Redburn Partners 7:56 am ET August 17, 2021 (Dow Jones) Print Ratings actions from Benzinga: https://www.benzinga.com/stock/HOOD/ratings (END) Dow Jones Newswires August 17, 2021 07:56 ET (11:56 GMT)
