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Bill Combs
@billcombs · May 11

RobinHood Markets $HOOD

RobinHood reported its results yesterday.

This company provides a platform for trading stocks and cryptocurrencies.

The company became more well known during the pandemic as most people were at home and more people were working online and hence more people became interested in this platform.

Results:

Revenues : 441 million USD

Loss per share : $0.57

I have to say that I don't like this company much, either by the results or by the share price development.

The stock was rising nicely in the beginning, however, then the company stopped trading some stocks like $GME and people started losing interest and that sent the stock down.

Can you post if you knew this company and if so how you view it.

DD
Daniela Duong @danieladuong May 12

It's been a while since I've read a couple of articles where they've been going on about how they change the terms within their platform as they please and kind of to their advantage.

BC
Bill Combs @billcombs May 12

I also read something similar. Anyway, I prefer to keep my hands off this company.

WS
Willard Spencer @willardspencer May 11

I would stay away from this place because of their recent history :)

BC
Bill Combs @billcombs May 12

I definitely agree, I wouldn't do it either.

FM
Filipo Maritinelli @filipomaritinelli May 11

This is a company associated with collusion. Plus, it's a speculative stock. For me, it has no place in my portfolio or watchlist

BC
Bill Combs @billcombs May 11

I agree, I look at it the same way. I wanted to at least show here that not every company is great and not every company is good to buy.