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They probably need to list before they report the user loss from this last quarter. In that space, it's user growth at all cost. Because selling order flow is h

They probably need to list before they report the user loss from this last quarter. In that space, it's user growth at all cost. Because selling order flow is how they make money

boatsie 6y ago
Despite all the bad press, I’m betting they increased users/deposits overall. Just like when Facebook/YouTube got “boycotted” and now report record results.
- willio58 6y ago
  Yeah I bet the actual amount of people that left robinhood was negligible. Loud minority screaming about GME losses, amplified by Wall Street Bets memes.
paulgb 6y ago
I wonder if there was actually a net gain. Despite the eventual fallout with the WSB crowd, the run-up to it seems to have brought a lot of people (including non-WSB folks who saw it on the news) to the platform who may have stuck around.
- edoceo 6y ago
  That last group may be flash-in-the-pan types. Got into RH from the GME hype. Them just becomes a zombie after because they weren't ready to open an Investing or Trading account, they just FOMO. Maybe this gives a big userbase-pad for the IPO and masks the fall-off after (by lumping zombies and haters together)
gruez 6y ago
>They probably need to list before they report the user loss from this last quarter. that sounds like securities fraud. That's the reason why gamestop didn't do a share offering even though the price was ridiculously overvalued. >GameStop decided it was restricted under U.S. financial regulations from selling shares because it was in possession of significant information about its finances that was not yet available to the public, the sources said. The SEC requires companies to have released such information when conducting stock sales. >The information pertained to GameStop’s fiscal fourth quarter, which ended at the end of January. By the time its shares took off in the second half of January, company executives had already compiled data and had a clear picture of what the quarter would look like, the sources said. >GameStop could have gone ahead with a stock sale by releasing preliminary earnings. But such a move, carried out for the purposes of a stock sale, came with significant logistical hurdles and regulatory risk that the company was not willing to accept, one of the sources said. The SEC had said it would scrutinize how companies took advantage of the trading volatility to sell stock and had asked that they provide more information to investors about the potential risks.
- DudeInBasement 6y ago
  You compare GME with RH, I know apes don't like that. I expect at the end of next year, a lot of people closing accounts and getting tax info.
pgwhalen 6y ago
I would be shocked if they saw anything but incredible user growth in the last quarter.

They probably need to list before they report the user loss from this last quarter. In that space, it's user growth at all cost. Because selling order flow is how they make money

boatsie 6y ago

Despite all the bad press, I’m betting they increased users/deposits overall. Just like when Facebook/YouTube got “boycotted” and now report record results.

willio58 6y ago
Yeah I bet the actual amount of people that left robinhood was negligible. Loud minority screaming about GME losses, amplified by Wall Street Bets memes.

paulgb 6y ago

I wonder if there was actually a net gain. Despite the eventual fallout with the WSB crowd, the run-up to it seems to have brought a lot of people (including non-WSB folks who saw it on the news) to the platform who may have stuck around.

edoceo 6y ago
That last group may be flash-in-the-pan types. Got into RH from the GME hype. Them just becomes a zombie after because they weren't ready to open an Investing or Trading account, they just FOMO. Maybe this gives a big userbase-pad for the IPO and masks the fall-off after (by lumping zombies and haters together)

gruez 6y ago

>They probably need to list before they report the user loss from this last quarter. that sounds like securities fraud. That's the reason why gamestop didn't do a share offering even though the price was ridiculously overvalued. >GameStop decided it was restricted under U.S. financial regulations from selling shares because it was in possession of significant information about its finances that was not yet available to the public, the sources said. The SEC requires companies to have released such information when conducting stock sales. >The information pertained to GameStop’s fiscal fourth quarter, which ended at the end of January. By the time its shares took off in the second half of January, company executives had already compiled data and had a clear picture of what the quarter would look like, the sources said. >GameStop could have gone ahead with a stock sale by releasing preliminary earnings. But such a move, carried out for the purposes of a stock sale, came with significant logistical hurdles and regulatory risk that the company was not willing to accept, one of the sources said. The SEC had said it would scrutinize how companies took advantage of the trading volatility to sell stock and had asked that they provide more information to investors about the potential risks.

DudeInBasement 6y ago
You compare GME with RH, I know apes don't like that. I expect at the end of next year, a lot of people closing accounts and getting tax info.

pgwhalen 6y ago

I would be shocked if they saw anything but incredible user growth in the last quarter.