What’s going on? Robinhood posted a disappointing first earnings update since its IPO. What does this mean? In Q1/2021, Robinhood’s bank balance might have been boosted by meme stocks (like GameStop and AMC Entertainment). In Q2/2021, however, Robinhood’s revenue surged 131% thanks to crypto trading making up around 51%, which was a huge jump from 17% in…
Tag: crypto
Ep 12: The crypto rebellion
What’s going on here? The history: American history is filled with rebellion against dominating government: Tax-weary colonists throwing tea into Boston harbor; or The Reagan Revolution where voters demanded a rest from regulation in 1981. Today: Leading figures in the cryptocurrency industry are at a breaking point of their own, issuing a collective protest against the…
with HT 