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it's not a question of you getting caught off-guard but a massive exchange being trapped now (what do they do?) I kinda feel for them because they tried to buil
by twelve40 4y ago
it's not a question of you getting caught off-guard but a massive exchange being trapped now (what do they do?) I kinda feel for them because they tried to build a legit-looking exchange business unlike the famous scams, but now they are stuck and these losses are mind-bending
- elpakal 4y agoI feel the same about HOOD. I own some of their stock but every time I see them announce a new crypto product, investment, team, feature etc I cringe. They have coupled themselves and the success of their non crypto products tightly to the success of crypto and I wonder if there will come a time when they try to cut out crypto or if it's too late to do so. I'm holding because I'm hoping they can swing it, but it's been tough to watch because I'm a crypto bear and always have been. I love what they've done with their equity marketplace and their new retirement product seems interesting - but so long as crypto is still around stinking up the place it's hard for me to be a consumer of theirs.
- spaceman_2020 4y agoThe Indian version of Robinhood - Zerodha - reported a profit of nearly $250M on revenues of $650M last year. It never raised venture funding and never sold any crypto. Bootstrapped businesses have the best execution.