Robinhood valuation
What do you guy think about Robinhood valuation in the future and the vision ? I feel it will take over traditional brokerage firm just like Amazon did with brick and mortar companies ?
They got 3 fundings in a single year. So its something
Big bull on Robinhood! Financial industry has been ripping us off for decades and moving so slow. Robinhood disrupted the industry just like that. They'll continue to innovate and be the next AAPL, AMZN, TSLA of fintech!
Totally agree on this !! They will be the next leaders in Fintech and TD, E-Trade, Charles Schwab would have a hard time as they can't fundamentally change a company with old thinking / leadership
Webull > Robinhood
What are they offering that other brokers dont? Why do you think they are the next big thing?
They are a revolution in trading because UI/UX is extremely clean and addictive, they provide instant money/trade not like 3days to stocks appear in your account by traditional charles schwab, 3% interest rates on the money you put(highest in US banks). Tell me one aspect or reason why any traditional brokerage will be better than Robinhood ?
Think of Robinhood as the T$LA of fintech ;)
guys, if you are blindly investing in stock market, you will stick to RH. Otherwise, you will move to Tradestation/TOS/other good ones. RH is zero value if you are a real trader.
(+yOu DoN't KnOw WhAt YoU aRe DoInG bEcAuSe YoU uSe RoBiNhOoD) 🤷♂️
What's the difference between buyinf AAPl in RH and in other brokers?
OP what do u think about their valuation? Are you joining robinhood or buying their stocks pre ipo through equityzen? Just curious
What other apps/platforms would you guys recommend instead of Robinhood then ?
Webull is pretty good. My only complain is they don't support spreads for now. Btw it's hilarious to see people pasting robinhood screenshots in Webull comment sections.
Webull is made in China
Charles Schwab is where I’ll put my money. It boils down to 3 things - customer experience, pricing and platform. Robinhood had a great traction with pricing, but CS made big strategic move and followed with 0$ trades and now pricing is no longer relevant. From platform standpoint - CS isn’t great, but neither is RH - but both are decent - look at app reviews for CS. it all boils down to customer service and no one can beat CS in customer focus. It’s literally in their mission - “ through our client eyes” with TD Ameritrade merger - this will only get better Now, the biggest factor - the big hitters - people with high networth, which account for major assets would not park their money with RH - they would trust a CS or a private bank for that money. Investing is a personal decision, and a purely tech won’t replace it - just yet. For big decisions, you’ll need advisors - and that is where CS will beat the rest. Just my two cents.
Some facts: Over the first half of 2020, consumer protection agencies received 400-plus complaints about Robinhood -- roughly four times more than rivals like Schwab and Fidelity. Some regulators have privately vented that they feel like they have become Robinhood’s de facto customer-service line because so many of the firm’s clients contact them after failing to reach anyone at the company, said people with direct knowledge of the discussions. If the government scrutiny — which also includes inquiries from lawmakers — escalates, the risks to Robinhood are substantial
Unfortunately to the detriment of inexperienced investors, part of Robinhood’s success has been built on well-known tactics of Silicon Valley: behavioral nudges and push notifications. The result is that users are drawn into high-risk trading. The more the customer engaged in this behavior, the better this was for the company.[19] The core of Robinhood’s business is to encourage more trading. The company makes money each time its users trade shares in a practice called “payment for order flow.” Calls for increased scrutiny of online trading apps on a Federal level are growing louder as more and more users wake-up to the reality they have been duped by an online trading app that is playing to their most basic behavioral patterns and tendencies, with devastating consequence
What is stopping Robinhood to get into advising business later on. The sleeky UI, notification etc. A are think for re-engament which typical companies like CS doesn't have. Also, trading on CS and other platform is really frustrating in the sense that UI sucks big time, money takes 3 days to get into your account. I am talking about vesting here.
Sounds like how network vendors were making billions in charging text messages and WhatsApp came and wipe it out. Robinhood just taught CS and other traditional companies a lesson to move faster else get kicked out of market
Or trick customers with free while unethically and illegally selling their data, and making sure their customers have worse avg cost
True story @Square.
These days any “tech” company with a sexy story is valued at hundreds of billions or even trillions. Revenue, profit, free cash flow, healthy balance sheet are a thing of the past, and have no meaning to Robinhood traders.
They are not selling or marketing themselves like Uber, Wework etc.
Tell that to Lyft :(