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How can Robinhood afford to give 3% cash back?
@vladtenev answers
2 customers:
Transactors pay balance in full. RH is using this as upsell to other Robinhood products via Gold
Revolvers use debt. RH makes money lending to them.
They are ultimately... See more
Sheel Mohnotx.comIntroducing The Robinhood Chain.
The first Ethereum Layer 2 optimized for real-world assets via @arbitrum—from public to private to global.
You shouldn’t have to rely on a broker to trade assets. Instead, you should be able to seamlessly trade real-world assets in... See more
Vlad Tenevx.comThe young entrepreneurs built their rocketship by applying the formula Facebook made famous: Their app was free, easy to use and addictive. And Robinhood—named for the legendary medieval outlaw who took from the rich and gave to the poor—had a mission even the most woke, capitalism-weary Millennial could get behind: to “democratize finance for... See more
Jeff Kauflin • Error PageSecurity Violation (403)
Robinhood is using stablecoins to power a lot of their weekend settlements (excerpt from the earnings call today)
Curious how this looks under the hood https://t.co/4pJ00ovdZJ
Robinhood, on the other hand, gives people control... maybe too much control. And so far, people are loving it. Robinhood has added 3 million accounts since the beginning of COVID, and those accounts are trading frequently.
Benjamin Rollert • Not Boring Memo: Composer
Robinhood has also dipped their toes into the subscription business with their Robinhood “Gold” offering. The main selling point of Robinhood Gold is the ability to invest on margin. In addition to that they provide access to “professional research”, Level II market data, instant transfers “up to your portfolio value” for $5.00/month. This does not... See more
John Street Capital • The (Neo) Bank Bundle & Transition to Subscription Revenue
🚨🚨🚨 Coatue argued in a private presentation that it believed that Robinhood has "zero valuation support" and a "broken business model" https://t.co/QuiEa3IwGg
From its inception, Robinhood was designed to profit by selling its customers’ trading data to the very sharks on Wall Street who have spent decades—and made billions—outmaneuvering investors. In fact, an analysis reveals that the more risk Robinhood’s customers take in their hyperactive trading accounts, the more the Silicon Valley startup profits... See more