Some startling facts:
Revenue from trading : 451M
Revenue from crypto (mostly doge gambling) : 233m
Revenue from options (gambling) : 161m
Revenue from equities (investing sort of) : 51m
Average money in a funded account : around 4k
Median money in funded account: probably much less than 4k
Revenue from equities is flat or close to flat y/y. So basically all their growth is coming 20 something speculators.
How the f is this the investment platform of the future. Seems like it's clients use Rh for gambling and fun.
I would rate the stock a strong sell.
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comments
So only the rich should have access to the market huh?
I don't know whether the same addiction effect holds here, but it seems plausible.