What’s going on? Zoom (2020’s most popular communications platform) reported better-than-expected earnings, but investors seem to think it’s already an antique. What does this mean? As kids and adults are getting back to school and offices, investors are worried that Zoom’s once-strong growth is fading when comparing Zoom’s 54% yoy growth in Q2/2021 vs the 191% in Q1/2021….
Tag: Robinhood
Ep 158: Robinhood’s concerning update and the crypto market
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…
with HT 