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Robinhood S-1 IPO

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Re: Robinhood S-1 IPO

#301

Post by weird-eye-issue »

ZoomerCretin wrote: post #197
edoceo wrote: post #180

Hmm. Vice says the CEO (Vlad) had his phone seized - not for this thing but for the meme stock mess. Seems like a very big deal. https://www.vice.com/en/article/wx5p8z/feds-seized-robinhood...

I was called a conspiracy theorist only yesterday for claiming there was anything wrong with the restrictions. I’m glad to know numerous federal agencies share my views.

There was literally a congressional hearing months ago about this. It's not like it's new that there is attention on this from the federal level.

Re: Robinhood S-1 IPO

#302

Post by mattbrewsbytes »

deanmoriarty wrote: post #237

I am too lazy to go dig up the links, but there were many, many people on HN who declared Robinhood completely dead after they temporarily prevented users from transacting GME… they said they would either go bankrupt or users would just completely stop using them, and they were absolutely and comically convinced of that. HN should stick to programming opinions :-)

You didn’t live thru 1999-2001 then. Just cuz a company has an IPO doesn’t mean they have a viable business.

Re: Robinhood S-1 IPO

#303

Post by LeftHandPath »

mherdeg wrote: post #239

Robinhood closed my brokerage account after I did transferred out assets (via ACATS transfer, to get a signup bonus with another brokerage without realizing capital gains). A few months later I asked how to reopen the account, using the "reopen account" form in their app to generate a support ticket. Three weeks later they sent an email saying that my account was permanently closed and I should apply for a new accoun…

Move to Schwab or TD Ameritrade (TDA has ThinkOrSwim which is great for day/swing trading; Schwab is acquiring TDA but you can continue to use the ToS platform after that goes through). And then never look back.

At least give it a look: https://www.tdameritrade.com/tools-and-platforms/thinkorswim...

Re: Robinhood S-1 IPO

#304

Post by raziel2701 »

DCF wrote: post #224
raziel2701 wrote: post #114

Earlier quoted context omitted.

Also the cash - liabilities calculus not looking good. $8.8B in cash - $7.7B in liabilties = - $1.1 billion I'll pass.

I'm curious why this alone is such a problem? This is substantially better than many other companies at IPO.

I have certain things I look for to determine if a company is worth researching more, and one of them is if they're highly profitable (they're not), if they have a lot of free cash flow (they don't). I cannot evaluate what their assets amounting to $15B are and whether or not these are under/overvalued, so instead I look at cash - debt as that's something I understand much better.

There's no magical formula, tons of people like to put money on unprofitable companies that have a lot of hype and tell you a good story about their mission. For me, I look for companies that are making money today, that have a good earnings rate of growth relative to their p/e ratio, and a business that I understand.

Robinhood is not that. It could be that in the future when I revisit it in a couple quarters or more, but it's not for me.

Hence why I'll pass on this one.

Re: Robinhood S-1 IPO

#305

Post by ivalm »

repsilat wrote: post #267
ivalm wrote: post #248

Earlier quoted context omitted.

It’s better than free, you get a discount relative to NBBO.

The higher-level argument might be that if PFOF didn't exist, NBBO might be better. If Citadel et al wanted to make markets they'd have to publish their prices. (Of course, that gets rid of the "market segmentation" signals, so it'd probably make life a little better for institutions and make life a little worse for individuals, on net. No doubt smart people could disagree about how much of each effect there would be…

> that gets rid of the "market segmentation" signals

Exactly, retail investors should basically be happy with PFOF.

Re: Robinhood S-1 IPO

#306

Post by unmole »

rwmurrayVT wrote: post #282
tayo42 wrote: post #272

Earlier quoted context omitted.

What's the point of investing less then 10 dollars?

Earning a return greater than the 0.10% offered by my credit union. Should only those with more capital than 1mm earn returns?

And you couldn't put that into an Index fund because?

Re: Robinhood S-1 IPO

#307

Post by thrwyoilarticle »

tayo42 wrote: post #294
rwmurrayVT wrote: post #282

Earlier quoted context omitted.

Earning a return greater than the 0.10% offered by my credit union. Should only those with more capital than 1mm earn returns?

Keep it in your wallet or put it on a blackjack table. Or yes put it in a savings account that won't disappear until you can build up money to invest with.

Or don't.

Re: Robinhood S-1 IPO

#308

Post by pgwhalen »

ZoomerCretin wrote: post #197
edoceo wrote: post #180

Hmm. Vice says the CEO (Vlad) had his phone seized - not for this thing but for the meme stock mess. Seems like a very big deal. https://www.vice.com/en/article/wx5p8z/feds-seized-robinhood...

I was called a conspiracy theorist only yesterday for claiming there was anything wrong with the restrictions. I’m glad to know numerous federal agencies share my views.

Federal agencies investigating the situation does not mean they think there was anything wrong with it.

Re: Robinhood S-1 IPO

#309

Post by dannyw »

atombender wrote: post #190
mattbrewsbytes wrote: post #86

Earlier quoted context omitted.

I have read anecdotes that their ToS is geared towards them owning the securities because they pool purchases. Their business model is the brokers are the ones that actually pay them and potentially hold the securities. Also, from their recent "Systemic Supervisory Failures" [0]: > Between 2018 and late 2020, Robinhood experienced a series of outages and critical systems failures. The most serious outage occurred on…

Robinhood is a broker-dealer, and is subject to the same regulations as everyone else. All the major brokerages hold securities under their name ("in street name") on behalf of the customer. You still retain legal ownership, even for fractional shares. As far as I know, Robinhood has its own clearing house subsidiary, Robinhood Securities, that handles the share bookkeeping, including the fractional share inventory y…

Only in America, mind you. In Australia, all publicly traded companies are under CHESS, which means that when you buy a share, it's directly held in your name.

Re: Robinhood S-1 IPO

#310

Post by benmanns »

twobitshifter wrote: post #268
benmanns wrote: post #260

Earlier quoted context omitted.

Everyone sells order flow. It’s: do you want sale of your order flow to be the only fee you pay or do you want to pay commissions on top of that, too?

That’s not true. Fidelity does not receive pfof.

Their 606 disclosure does have PFOF https://clearingcustody.fidelity.com/app/proxy/content?liter...
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