5 ms·

https://www.cnbc.com/quotes/HOOD?tab=financials https://www.cnbc.com/quotes/HOOD?tab=financials Those loses look pretty big.

toomuchtodo 4y ago
Pandemic gambling steam was going to run out eventually, but with $6B cash cushion, gives them a lot of time to figure out a long term strategy or get acquired by a traditional brokerage looking for a youth channel.
- ltbarcly3 4y ago
  They have to keep that $6B almost entirely in reserve as collateral to avoid another GME. Why would you say stuff like this on a public forum when you have no idea how that industry works?
  - samhw 4y ago
    "Almost entirely $6bn" leaves a decent-sized handful of loose change, though.
    - ltbarcly3 4y ago
      Not when you are losing 100's of millions per quarter.
  - deleted 4y ago
    [deleted]
throwaway4good 4y ago
That is an insane drop. What is going on? Are they being outcompeted or simply not making money? Is their business model (being an easy to use broker for little people) simply not good?
- nowherebeen 4y ago
  There aren’t offering anything new and even frontrun their customers. And with the GameStop fiasco, I think a lot of people realizes it was a bad business model. I don’t think they will be able to recover. It will drop even more if a recession ever hits.
  - qeternity 4y ago
    > and even frontrun their customers. Oh ffs no they don’t.
    - metadat 4y ago
      I thought RobinHood helped Citadel front run the orders? See https://www.washingtonpost.com/business/2021/01/29/robinhood-citadel-gamestop-reddit/ https://www.washingtonpost.com/business/2021/01/29/robinhood...
      - deleted 4y ago
        [deleted]
      - ac29 4y ago
        Payment for order flow is not front running (which is illegal).
        mushbino 4y ago
        What is the order flow used for?
        colinmhayes 4y ago
        Citadel believes that they are less likely to lose money when they fill orders from retail investors. They're just paying for access to rubes, basically a finders fee.
  - lupire 4y ago

toomuchtodo 4y ago

Pandemic gambling steam was going to run out eventually, but with $6B cash cushion, gives them a lot of time to figure out a long term strategy or get acquired by a traditional brokerage looking for a youth channel.

ltbarcly3 4y ago
They have to keep that $6B almost entirely in reserve as collateral to avoid another GME. Why would you say stuff like this on a public forum when you have no idea how that industry works?
- samhw 4y ago
  "Almost entirely $6bn" leaves a decent-sized handful of loose change, though.
  - ltbarcly3 4y ago
    Not when you are losing 100's of millions per quarter.
- deleted 4y ago
  [deleted]

throwaway4good 4y ago

That is an insane drop. What is going on? Are they being outcompeted or simply not making money? Is their business model (being an easy to use broker for little people) simply not good?

nowherebeen 4y ago
There aren’t offering anything new and even frontrun their customers. And with the GameStop fiasco, I think a lot of people realizes it was a bad business model. I don’t think they will be able to recover. It will drop even more if a recession ever hits.
- qeternity 4y ago
  > and even frontrun their customers. Oh ffs no they don’t.
  - metadat 4y ago
    I thought RobinHood helped Citadel front run the orders? See https://www.washingtonpost.com/business/2021/01/29/robinhood-citadel-gamestop-reddit/ https://www.washingtonpost.com/business/2021/01/29/robinhood...
    - deleted 4y ago
      [deleted]
    - ac29 4y ago
      Payment for order flow is not front running (which is illegal).
      - mushbino 4y ago
        What is the order flow used for?
        colinmhayes 4y ago
        Citadel believes that they are less likely to lose money when they fill orders from retail investors. They're just paying for access to rubes, basically a finders fee.
- lupire 4y ago