Robinhood Raises Another $2.4B from shareholders
1–10 of 109 posts
Re: Robinhood Raises Another $2.4B from shareholders
#2I'm curious if this is to address the current potential of a large shift of users moving to different brokerages and to keep Robinhood afloat until IPO in which it will have to fend for itself. I've seen a large sentiment online, and in public spaces expressing how angry the consumer is about RH restricting trading.
Re: Robinhood Raises Another $2.4B from shareholders
#3The stocks(GME) are still limited/restricted btw
Re: Robinhood Raises Another $2.4B from shareholders
#4I'm curious if this is to address the current potential of a large shift of users moving to different brokerages and to keep Robinhood afloat until IPO in which it will have to fend for itself. I've seen a large sentiment online, and in public spaces expressing how angry the consumer is about RH restricting trading.
People still use Bank of America and Wells Fargo despite the incredibly customer-hostile things they've done in the past. I will not be surprised if Robinhood weathers this pretty well after a short term hit.
Re: Robinhood Raises Another $2.4B from shareholders
#5This is a fascinating game to watch. I watched The Big Short yesterday for the first time, as it's trending on Netflix and was suggested, and this moment feels similar to exposing a weakness in the system that needs to be addressed - and hopefully not to strengthen the wrong position; I didn't realize the incredible actors cast for it, obviously they took on the roles as it's an incredibly important story for the general public to be educated about, to understand.
Feels like a good day to watch The Wolf of Wall Sreet.
Re: Robinhood Raises Another $2.4B from shareholders
#6Lol wish I could short Robinhood. It will be bankrupt within 4 years.
Re: Robinhood Raises Another $2.4B from shareholders
#7I'm curious if this is to address the current potential of a large shift of users moving to different brokerages and to keep Robinhood afloat until IPO in which it will have to fend for itself. I've seen a large sentiment online, and in public spaces expressing how angry the consumer is about RH restricting trading.
Definitely interested in how they articulate risks unearthed by recent events in their future S-1.
Re: Robinhood Raises Another $2.4B from shareholders
#8I'm curious if this is to address the current potential of a large shift of users moving to different brokerages and to keep Robinhood afloat until IPO in which it will have to fend for itself. I've seen a large sentiment online, and in public spaces expressing how angry the consumer is about RH restricting trading.
Lots of chatter on /wsb talking about Fidelity migration. I'm not sure how that translates into actuals - like the WhatsApp migration it may be severe or it might be a tempest in a teapot.
But at least it identifies who are they real customers for RobinHood.
Re: Robinhood Raises Another $2.4B from shareholders
#9It puzzles me how people still think Robinhood can remain competitive knowing they sell user's order flow to hedge funds and restricted free market movement of capital in the markets. Still restricting purchases of GME and looks like this was just to keep the lights on.
There isn't going to be an IPO after this GME fiasco. The founders played themselves and possibly will never be trusted again.
Also the people who invested in RH and its unscrupulous practices, Andreesen, Sequoia etc., are myopic if they don't think people will forget.
"The fish rots from the head." - old Russian proverb.
Re: Robinhood Raises Another $2.4B from shareholders
#10The stocks(GME) are still limited/restricted btw
That's correct.
Additionally, Robinhood isn't the only one in a bind right now.
TD Ameritrade has restricted a lot of options trading on a lot of these stocks, requiring you to call in to sell certain types of derivatives plays which have a level of risk but highly profitable for experienced traders.
It's left a VERY sour taste in my mouth to know I have to call into a call center, and wait 90 minutes to speak to someone to execute a trade that puts 100% of my capital at work using zero margin (sell cash covered puts on GME and AMC).