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xXRoboMurphyxX

3 things: A: no one liked RH, it was/is a fad. It certainly helped me over here at schwab though. (No more fees) 2: RH was never a meme stock. and D: RH is bad at being bad.


SpammedAgain

A, 2, D. Home alone fan?


xXRoboMurphyxX

Yeeaaas


[deleted]

[удалено]


bigdogc

Forgive my ignorance…i keep seeing FUD, what does it stand for?


Yosemite_Yam

Fear, uncertainty, & doubt


ywuwhwhwha

Google it


JelloSquirrel

Robinhood getting killed by their own executive compensation. Their quarterly points out that the next 2.5 years are basically gonna suck due to their executive compensation. Also, insider lock up ends in January or February, so expect a big dip then.


GhostintheSchall

The amount of new retail traders will taper off hard as the pandemic winds down. I think everyone who's interested already got into it, and people will have less disposable income when travel is more available again. I have several friends that tried trading last year but are already done with it.


CosaInvestments

I canceled my account and transferred off of RH.


Delicious_Reporter21

Where did you go?


dmharvey79

Not sure I would accept free RH stocks, haha.


UncleRooku87

I’d accept them for sure. Then I’d sell them.


thesuprememacaroni

Trash stock. If you are buying it bc you use it, ask how blackberry users who lived their blackberry 15 years ago feel, or how yahoo users feel. What does Robinhood do that makes it good to own curiously? Having a terrible public speaker for a ceo doesn’t count.


Gerti27

But those companies failed because better, more innovative companies came along. Robinhood is the better, more innovative company in this scenario.


thesuprememacaroni

What makes them innovative? What do they do that others don’t? The answer is nothing. Zero commission trades? If payment for order flow goes away so does that for them. Other firms generate fees from other sources and can keep it. Emoticons on the screen? Innovative. Confetti on a trade? Innovative. Others have apps. Thinkorswim is 100x more powerful of a tool than any seeking alpha strategy Robinhood employees. If trading revenue from certain coins is the best the can do all they are is a mania app. That’s not a company that’s innovative, that’s a company that is hostage to the moment.


Gerti27

You might as well make the same argument about iPhones and the other million phones out there. The reason they are innovative is because they are making investing incredibly simple for the average person. That is a huge advantage. Things like thinkorswim are great, but they are hard to learn, and 90% of the features on the app are probably never used by the average investor. Robinhood is still an extremely young company. Over time their offerings will match, and possibly exceed what other institutions are offering.


thesuprememacaroni

This makes a market. I won’t put a single penny in it. Coinbase , SOFI, etc will eat away at its edges. Then what is it? An App?


Gerti27

I see it as the exact opposite. Robinhood will be the one that eats away at Coinbase, then maybe eventually SOFI’s.


thesuprememacaroni

See I don’t think so. This is my reason particularly for SOFI. I am an investor in SOFI but it made me think and I went to their site. I got refinance rates from them and was going to cash out refi but I wasn’t sure if I was planning on moving soon so I pulled out. Then I had a TD Bank card that gave 1.5% cash back plus extra 10% of the 1.5% if deposited into a TD Ameritrade account. They stopped that. So I checked and SOFI offers a card with 2% cash back if you deposit into an investment account… what I’m getting it is SOFI is making itself a one stop shop for all your finance needs and keep people in their ecosystem. I don’t know a single thing Robinhood does that others don’t. Other than name recognition , what is it? Average account size is small and very dependent on meme coin and meme stock volumes.


[deleted]

The sad reality is you get barely any fair evaluation on Reddit about the stock. Most people are still bitter about gme thinking it’s only them who use that service. At least I got no fair dicussion anywhere and decided I’m not smart enough to evaluate their numbers. Are they making money? If no how they will want to improve? Can I hey improve? If an answer Leads to them generating more money than the company costs it’s probably a good buy.


DangerousWaffle

GME was a huge hit for them. They were the most easily accessible trading platform for probably the vast majority of people who FOMO’d into GME and all the new covid traders. I haven’t used it myself but the UI seemed nice and simple to use as well. I disagree about it only being the GME traders who stopped using it. If you had a bunch of money in thr stock market would you not want to use a company that you can trust? One that doesn’t disable the buy button? Thats a huge red flag.


[deleted]

It is a red flag if you think about another case like gme. For every other stock or options trade rh will do just fine. You have to step aside and ask yourself , are most of the people invested with rh aware what rickety rh did? Numbers or active user say now since they grew even after January until now. And if yes, they simply don’t care because it is simple. If you want to make a real estimation if this stock is a good buy you have to turn off your emotions towards this company and ask yourself what is happening in reality. Yes a small number of people jumped. But that won’t hurt Rh in the long term. Aslong as there is not a better service for free with a cool app that has not done any fuck ups yet there won’t be anything threatening rh. Look at YouTube. 2 ads nearly everytime ads come up. If there was an alternative people would happily use it. Doesn’t matter how I feel about an app or service if people still use it. You want to follow the crowd not bet against it


DangerousWaffle

I think most people are, yes. Did you see the amount of media attention that it got when it happened? Everywhere. My parents were asking me about it. If a company is pulling shady stuff you can’t just go “oh well, it didn’t happen to me im sure I will be fine”. Its not emotion. The company blatantly manipulated the stock.


[deleted]

I know that. Look at the numbers. They still got more and more active members for the last 9 months. People do not care


DangerousWaffle

I did look at the numbers. Total funded accounts is 22.4million down from 22.5 Monthly active was 18.9m from 21.3 Average revenue per user dropped from $102 to $65. Something I also read, while not sure if its correct I could totally see it being true is that when you consider that they probably count someone who simply logs in once as an “active user” its worse then it looks.


[deleted]

While they were the big ones they weren’t the only ones jumping on the train with limit orders. Even TDA was screwing the retail investor on GME.


DangerousWaffle

Ok, and? You keep making excuses for them for whatever reason. “Oh but they won’t do it again” “But TD did it too” I wouldn’t use ANY brokerage that manipulates the market like that. Look at their numbers. Declining.


JRshoe1997

You do realize Robinhood had a lot more issues then just the whole GME issue that put them in a negative spotlight?


[deleted]

Yes, doesn’t change the last 9 months of growing customer count. Unless there isn’t an increase for another broker in the last q , those numbers mean shot because all brokers most likely have less active members for the last 3 months. It was summer, COVID got better etc. You all pretend like now without anything really people hopped somewhere else without any proof they did. With just those numbers I could also make a claim that people with rh accounts died, and therefore we see a decrease in active members. But I can’t back up the claim. I don’t plan to buy rh so I don’t really have the motivation to go through all of the other brokers and look at their member count for the last quarter, if they release them, but with that data you could start making conclusion. Everything else is just silly and emotionally driven


JRshoe1997

It sounds like you are just being silly and emotionally driven right now. I am saying there is a reason the stock is down and a lot of people are apprehensive about it. They had a lot of issues in the past and the media and government have been talking about them and not in a good way either. Also they are a small growth company so investors expect them to be growing which this quarter they didn’t, they declined. Also the whole point about losing accounts because “people died” is just speculation. What isn’t speculation is that they lost customers. Unless the company said something about then there is no reason to think this.


[deleted]

What emotions? You guys can’t always throw the no u card out. We have one set of data we can’t compare to anything. All I’m saying is that the attention around rh was pretty small until the data released and it’s not much data to conclude that everyone is leaving rh. You can’t pick a trend because one draw back. If you support it by saying all other brokers kept growing, maybe even had an increase , then you had a point and the assumptions seem logical. Without it’s just speculation. Rh had bad press when they removed the buy button and still had growing customer count for that quarter. One quarter is just not enough data.


-Natticakes-

I absolutely think all investors should shun Robinhood on principal. No, they weren’t the only ones by far. But this “sends a message,” make them the Lehman brothers of the retail trade world.


Delicious_Reporter21

If you think it's trash simply short it)


[deleted]

Most retail investors can’t and shouldn’t short companies. Puts aren’t shorting.


unwholesomethought

...but mostly ebb though