I really like the Robinhood app. Easy to use and pretty good user experience. It’s much better than Coinbase and other trading apps. But looks like company’s stock is getting hammered a lot. Not sure, why is that happening? I don’t own any of the $HOOD stocks, but curious.
Market is in the middle of a correction. Most growth stocks have gone down. If you believe in the long term prospects of the company there is nothing to worry.
its a casino stock
Nothing went wrong, It was just overvalued. Even fidelity has a market cap of only 14 billion, $hood is still worth more. I don't see hood can be worth double or triple a company like fidelity which does the exact same thing and more.
You are confusing Fidelity investments (which is the financial mgmt company and privately owned) with Fidelity national financial which seems like an insurance company.
This is the Fidelity investments you want: https://corporatefinanceinstitute.com/resources/careers/companies/fidelity-investments/
They make some money from crypto.
You see how trading stocks became free . If crypto genuinely became mainstream Very soon there will be a competitor who will allow crypto trading for free as well.. so that is genuinely not an income source hood would want to bank on
A young unicorn was in the spotlight, now dark clouds gather. Its nothing except the market getting volatile. Not surprising based on time since IPO with the macroeconomics at play.
It will recover. I started trading with Robinhood and it remains my fav app.
Same here. I like the app.
Your trading preferences and stock values ads not necessarily correlated
Stock prices in the longer run will be based on revenue and profits and Robinhood other than being priced on higher multiples than peers derived majority of it's revenue from crypto and dogecoin in particular Since that has gone down it has impacted it's valuation and in turn the stock price Please google revenue forecasts and the do some valuation/comparative research if you want your money to grow over 5,10,20 years before putting your hard earned money on stocks just on the basis of how good a product is. For a broader perspective on why these growth stocks are going down there is a podcast on YouTube by the name "The fifth Person" would recommend people to watch it.
Listen to InvestED podcast. Phil Town and Danielle Town (great father-daughter combo).
What makes you think the valuation currently is not appropriate?
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It's fairly new, give it time. As much as I hate what they did, objectively it's a good company. They have good services etc.