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This company is crap Go watch DUMB MONEY robinhood never buys you into any stocks. They sell your money and margin to Citadel who then shorts against you. Robinhood needs a bailout to cover your investment if it actually goes up. Them and Citadel are PONZI scheme operators.
Love the ride this week, hope continue a great year for Hood. Will keep playing this despite my year long bag, I Averaged down ,dumped and will play again and again.
..Gamestop, Reddit, and The Fleecing of Small Investors. (Scroll Down)
"The book, which will be released on January 25, is essential reading for anyone who wants to make sense of the GameStop saga, especially the story of Keith Gill who at one point had made over $50 million on the stock. Although Gill was originally motivated by conviction derived from fundamental analysis, many of the speculators on Reddit were more motivated by “sticking it to the man” — meaning Wall Street billionaires and others who had short positions in GameStop.
"The very notion of a buying stock more out of a motivation to harm short sellers than to actually make money is something that I found truly baffling when the crazy GameStop situation unfolded in early 2021. Speculators and investors have little in common in terms of how they operate but I’ve always regarded the ultimate goal of actually making money to be an area of common ground. However, as Jakab documents in some detail, a group of individuals congregating on the wallstreetbets subreddit were so enthralled with the idea of costing billionaires money that they often put that goal above a simple profit motive. Make no mistake about it, individuals such as Keith Gill who made a killing on the stock were revered among the wallstreetbets crowd, but the ability to have “diamond hands” and to keep buying to squeeze the shorts was clearly the paramount objective for many in the community. Solidarity with the goal of screwing over the shorts was the governing ethos of wallstreetbets."
"Using the Robinhood app was an eye-opening experience. I received a “free stock” which was worth about $5. To test the trading platform, I sold that stock and used the proceeds to purchase Bitcoin which I parlayed into $6.22 before closing my account in disgust.
https://rationalwalk.com/the-revolution-that-wasnt/
Let’s hope Robin Hood goes back to IPO price
$HOOD +6.3% 12.69 still on sale $$$
Hmm... g one. hmm should have been # one
I very much doubt that, twenty coming
in not too long they will be g one
HOOD doing the shake and break $20 TARGET PRICE
As they did in the past. The past will repeat. Steel from the rich and keep for the SP
sorry charlie
I bought LEAPS
DB?
Did you buy shares when it was under $9, DB?
That awful Cathie Wood has been accumulating
Did you buy shares when it was under $9, DB?
That awful Cathie Wood has been accumulating
what a HOOD lum
Message in reply to:
HOOD has declined a couple bucks after its earnings report
Not helping matters is the sale of large blocks of 144 stock by founder and CEO Viad Tenev
And stock by the CFO
Why doesn’t Robinhood benifit from TDAmeritrade move to Shwab?
Robbin'-the-hood probably even shorts their own stock.
"Robinhood stock plummets on trading activity slowdown."
Shares of Robinhood (HOOD) are down 14% Wednesday morning after it reported a slowdown in trading activity in the third quarter, with transaction-based revenues declining by 11% year-on-year The company's third-quarter revenue of $467 million missed expectations of $478.9 million."
HOOD has declined a couple bucks after its earnings report
Not helping matters is the sale of large blocks of 144 stock by founder and CEO Viad Tenev
And stock by the CFO
What other challenges does Viad Tenev face
Robinhood was an innovative disrupter in the style of Kathie Wood who continues buying shares
Now there is competition from brokers like Webull and moomoo and whatever else is out there that opens its trading platforms at 4am Eastern US time
Viad has begun 24 hour trading in select issues I cant see how that is so disruptive since the instruments would appeal mostly to institutions and the number is minute compared to the thousands of issues
That in part could explain why Robinhood is losing accounts per this Jones Boys article
Robinhood Needs to Steal More Users -- Heard on the Street -- WSJ
7:30 am ET August 3, 2023 (Dow Jones) Print
By Telis Demos
Robinhood Markets turned a surprise profit in the second quarter. But that may not be enough to nab back its momentum just yet.
What originally got the world so excited about Robinhood -- explosive growth in active users -- is a thing of the past. Monthly active users declined by about a million over the course of the second quarter, to 10.8 million. That is around half the level of two years ago, when Robinhood was in the midst of 2021's wild trading surge. Transaction-based revenue from equities, options and crypto trading is also falling, dropping 8% quarter over quarter.
However, where Robinhood is growing is in customers bringing more money into the brokerage, even if they aren't trading as much: Net deposits grew at an annualized 21% rate in the quarter, and the company's Gold cash sweep accounts -- which now pay a 4.9% yield -- have more than doubled since the start of the year, to $11 billion. Interest-based revenue is continuing to grow.
There is also growing revenue from non-trading activity. Between fully paid securities lending, in which investors can lend out their shares to earn passive income, and transaction revenue from instant withdrawals and debit cards, the company generated $24 million in revenue -- just a million dollars shy of the revenue generated by equities trading in the quarter.
All of this helped average revenue per user grow from $77 in the first quarter to $84 in the second quarter, the fifth straight quarter of growth. And thanks in part to the company's founders canceling some of their stock awards, as well as other cost controls such as layoffs, Robinhood was able to generate $25 million in net income in the second quarter, versus the continuing loss analysts were anticipating, according to Visible Alpha. This is the first quarter of net profit since it became a publicly traded company.
Yet while this is certainly a milestone, there should only be limited fanfare in Sherwood Forest. Average user revenue of $84 remains well behind what other online brokerages have historically generated, by hundreds of dollars. It is also getting harder, not easier, to make money from cash: Robinhood's annualized yield on earning assets fell from 3.68% in the first quarter to 3.51% in the second.
A rise in interest revenue helped the stock jump nearly 60% this year through Wednesday. Now the bar is getting higher, though, with investors initially evidently disappointed by the quarter, despite the profit milestone: Shares were down about 6% in after-hours trading on Wednesday.
The bright side is that Robinhood is at least bringing in raw materials. While monthly active users are declining, the number of net cumulative funded accounts is up to 23.2 million, about 700,000 more than it had two years ago. The key is enticing customers into becoming even more active, and thus more lucrative.
"Over time as we broaden our product selection, and deepen our relationships with customers, you're going to see a more consistent relationship between [monthly active users] and total funded accounts," Chief Financial Officer Jason Warnick told analysts on Wednesday.
Of course, expectations need to be adjusted right now, since it is such a fallow time for trading. The number of customers placing trades was down quarter over quarter in equity, options and crypto. And only options saw an increase by notional volume, or contracts in the case of options, per trader.
Robinhood told analysts that, even at today's relatively lethargic levels, it believes it is taking market share in equities and options trading. Still, the merry band may have to steal a lot more share if it wants to thrill the market once again.
Write to Telis Demos at Telis.Demos@wsj.com
Early Barchart Top 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc
Look at all the recent reverse split issues
What’s with all the spam
elf Beauty Inc NYSE: ELF
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Consumer Staples : Personal Care Products | Small Cap GrowthCompany profile
e.l.f. Beauty, Inc. is a multi-brand beauty company. The Company offers inclusive, accessible, clean, vegan, and cruelty-free cosmetics and skincare products. The Company offers a range of products that are vegan and cruelty-free. The Company's brands include e.l.f. Cosmetics, e.l.f. SKIN, Well People, and Keys Soulcare. e.l.f. SKIN is an ingredient-focused, dermatologist-developed formula for every eye, lip, face and skin concern. The Company operates across beauty categories including eye, lip, and face makeup, beauty tools and accessories, and skincare products. Its color cosmetics and skin care products are broadly sold through food, drug, and mass channels, as well as through department stores and direct and specialty channels. The Company's brands are available online and across beauty, mass market and specialty retailers in the United States.
elf Beauty Inc NYSE: ELF
GoSymbol lookup
Consumer Staples : Personal Care Products | Small Cap GrowthCompany profile
e.l.f. Beauty, Inc. is a multi-brand beauty company. The Company offers inclusive, accessible, clean, vegan, and cruelty-free cosmetics and skincare products. The Company offers a range of products that are vegan and cruelty-free. The Company's brands include e.l.f. Cosmetics, e.l.f. SKIN, Well People, and Keys Soulcare. e.l.f. SKIN is an ingredient-focused, dermatologist-developed formula for every eye, lip, face and skin concern. The Company operates across beauty categories including eye, lip, and face makeup, beauty tools and accessories, and skincare products. Its color cosmetics and skin care products are broadly sold through food, drug, and mass channels, as well as through department stores and direct and specialty channels. The Company's brands are available online and across beauty, mass market and specialty retailers in the United States.
Match Group Inc NASDAQ: MTCH
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Match Group, Inc., through its portfolio companies, provides digital technologies. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, Hakuna, and other brands, which are designed for users to find a connection. The Pairs is a provider of online dating services in Japan, with a presence in Taiwan and South Korea. Hakuna Live is an interactive, social app that allows for one-to-many live streaming experiences. Azar is a one-to-one video chat service powered by real-time language translations that allow users to meet and interact with people across the globe in their native language. The League is a dating platform focused on career-oriented individuals, which requires users to apply and be accepted prior to using the app. The League is a dating platform focused on career-oriented individuals, which requires users to apply and be accepted prior to using the app. Its services are available in over 40 languages to users all over the world.
Match Group Inc NASDAQ: MTCH
GoSymbol lookup
Communication Services : Interactive Media & Services | Mid Cap GrowthCompany profile
Match Group, Inc., through its portfolio companies, provides digital technologies. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, Hakuna, and other brands, which are designed for users to find a connection. The Pairs is a provider of online dating services in Japan, with a presence in Taiwan and South Korea. Hakuna Live is an interactive, social app that allows for one-to-many live streaming experiences. Azar is a one-to-one video chat service powered by real-time language translations that allow users to meet and interact with people across the globe in their native language. The League is a dating platform focused on career-oriented individuals, which requires users to apply and be accepted prior to using the app. The League is a dating platform focused on career-oriented individuals, which requires users to apply and be accepted prior to using the app. Its services are available in over 40 languages to users all over the world.
Rover Group Inc NASDAQ: ROVR
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VPRO is a Dutch documentary maker
This latest is about how trading has changed
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Big Tech companies report all week
GOOG (own it) will make a new 52 week high
The percentage of issues tracked by Barchart remains above 70%
https://www.barchart.com/stocks/momentum
The FOMC rate decision is tomorrow afternoon
No jitters today
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