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Robinhood S-1 IPO

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Re: Robinhood S-1 IPO

#31

Post by mulcahey »

tw600040 wrote: post #27
mulcahey wrote: post #18

I remember seeing their first public demo at LA Hacks in 2014. Seemed like a couple of kids right out of college. They had the iPhone's screen hooked up to the projector and one of their friends kept sending them silly text messages the whole time that they had to dismiss. This was before the Do Not Disturb feature came out. I remember wondering how it took so long for someone to make a half decent stock trading app…

Can you elaborate on why you think robin hood is better than etrade?

I’m not the most sophisticated trader but I appreciate their UX and simplicity, which I think is true of most of their user base

Re: Robinhood S-1 IPO

#34

Post by tofuahdude »

sithlord wrote: post #28
tofuahdude wrote: post #13

Risk factors are lovely: We have been subject to regulatory investigations, actions and settlements and we expect to continue to be subject to such proceedings in the future, which could cause us to incur substantial costs or require us to change our business practices in a manner materially adverse to our business. We are involved in numerous litigation matters that are expensive and time-consuming, and, if resolved…

I am 100% sure most companies can and do have those exact same risk factors, they don't really mean that much. Any company that operates in a highly regulated area (finance/health/gambling/etc) are going to have regulatory on their risk factors. Any Company whose business is run on an app or a website is going to have the tech failure one.

"involved in numerous litigation matters" and "have been subject to regulatory investigations ... expect to continue to be subject to such proceedings" coming in on the heels of record-setting fines moves these risk factors from the usual corporate boilerplate to quite acute issues.

Re: Robinhood S-1 IPO

#35

Post by fnordfnordfnord »

fullshark wrote: post #25
bmmayer1 wrote: post #3

$1 billion in top line revenue in 2020. Wow.

~70% was transactions and ~20% was interest. For comparison about 60% of Etrade's revenue is interest and 30% is fees + commissions. Either Robinhood has found a smarter business model re: selling order flow or they are making a killing on crypto fees. The commission business model is dead for good I think. https://www.nasdaq.com/articles/net-interest-revenue-will-fo...

>or they are making a killing on crypto fees.

They don't charge commissions to trade crypto. Not sure where they're skimming the money but the terrible order fills you get there gives me an idea.

Re: Robinhood S-1 IPO

#36

Post by BoysenberryPi »

tw600040 wrote: post #27
mulcahey wrote: post #18

I remember seeing their first public demo at LA Hacks in 2014. Seemed like a couple of kids right out of college. They had the iPhone's screen hooked up to the projector and one of their friends kept sending them silly text messages the whole time that they had to dismiss. This was before the Do Not Disturb feature came out. I remember wondering how it took so long for someone to make a half decent stock trading app…

Can you elaborate on why you think robin hood is better than etrade?

Robinhood's value is all UI and UX. Every other finance app is in the past. Vanguard, Etrade, even ThinkOrSwim; none of them even come close to how easy Robinhood is to use. I also left Robinhood after the GME thing but man their app is so streamlined compared to everyone else.

Re: Robinhood S-1 IPO

#37

Post by tofuahdude »

lame-robot-hoax wrote: post #17

“ A substantial portion of the recent growth in our net revenues earned from cryptocurrency transactions is attributable to transactions in Dogecoin. If demand for transactions in Dogecoin declines and is not replaced by new demand for other cryptocurrencies available for trading on our platform, our business, financial condition and results of operations could be adversely affected. For the three months ended March…

Anecdotal:

My two under-18 cousins both described using their parent's credentials to buy Dogecoin on Robinhood. Great stuff driving Robinhood revenue right here.

Re: Robinhood S-1 IPO

#38

Post by rezistik »

mulcahey wrote: post #31
tw600040 wrote: post #27

Earlier quoted context omitted.

Can you elaborate on why you think robin hood is better than etrade?

I’m not the most sophisticated trader but I appreciate their UX and simplicity, which I think is true of most of their user base

I think the question is whether RH is sticky, they have good traction in growth, and I think it will be sticky. If enough people are doing fractional shares trading it's really hard to transfer out fractional shares to different brokers. Might actually not be possible.

Re: Robinhood S-1 IPO

#39

Post by sfblah »

pavlov wrote: post #10
rfd4sgmk8u wrote: post #6

buy buy buy. Bullish! Opinion: * RH will drag the industry to T+0 settlement, thus breaking wall street shenanigans with 100%+ short selling. Inevitable to see the merging of on-chain settlement with traditional stonks. * RH has the largest amount of Dogecoin AUM globally (8.7B $USD equiv) * RH has a lot of bitcoin, ether and other coins AUM. * RH will eventually be the biggest broker in the US (world)? * RH encourag…

> “ lots of first time investors (18-24), who over time will grow to be big investors” Or will be burned by the next prolonged downturn and exit the market permanently.

Yeah. Hard to make predictions, but this sort of breathless enthusiasm seems worrisome.

Re: Robinhood S-1 IPO

#40

Post by paulpauper »

abriosi wrote: post #32

That's what happens when you spend a decade printing a lot of money Value becomes diluted

this logic makes no sense. did you get this from peters schiff.com or something? Tech stocks surged in the 90s despite the fed raising rates and the treasury runing a budget surplus.
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