Everybody remembers Robinhood taking away the buy button on GME, AMC, and BlackBerry. It was all over everything and you couldn’t help but see it if you’ve ever invested a dime into anything.
This report suggest that Robinhoods user engagement is down 8% since it’s last quarter which is pretty crazy imo.
“Like many tech start-ups, Robinhood has yet to turn a profit following its IPO. Although revenue was a positive sign, its monthly active users declined 8% from the previous quarter to 17.3 million as retail investors pulled back from the market.”
https://edition.cnn.com/2022/01/27/business/robinhood-earnings/index.html[CNN Business article on Robinhood Net Loss](https://edition.cnn.com/2022/01/27/business/robinhood-earnings/index.html)
Crypto currency makes up 41% of Robinhoods income. This means that more than 4$ of every 10$ spent on Robinhood goes to crypto currency.
So that brings me here..
Morale for Robinhood is at an all time low. If you ever see anyone post about it or mention it it’s 9 times out of 10 them telling you to get the fuck out of there.
What happens to your assets if this company just completely tanks? Are you protected in anyway?
Also, do you guys think that coinbase is starting to follow down this same road? I see a lot of people that share the same sentiment about them as they do with Robinhood.
TLDR: I’ve shared some sources suggesting robinhood has been stabbed in the kidney and slowly bleeding out. What protections are in place if the collapses on herself and is coinbase following down this same road?
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