Karma is a bitch, ain’t it.
cnbc.com/2023/11/08/robinhood-shares-drop-7pe...
cnbc.comPosted Nov 8, 2023, 5:09 PM UTC
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cnbc.comWen class action lawsuits for colluding to fraudulently manipulate securities prices?
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Class action lawsuits benefit lawyers not plaintiffs.
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After a couple years, it seems doubtful that a single plaintiff is going to execute a worthy lawsuit against institutions.
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Wrong. It benefits the plaintiff who starts it as well. They get a big check. Everyone else gets next to nothing. So if you’re going to be part of one. Be the person to start it. You’ll get at least 50% of the settlement amount
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I was part of one, got a new car motor out of it too. Didn't have to start it, just had to get the dealership to ensure the dealership wasn't getting away with goofing my stuff up. They for sure goofed it up as well and tried to claim I didn't qualify.
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I seriously got a $.01 check from a class action lawsuit when they prevented trading on the platform
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When the postage costs more than that…
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I still cashed it.
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HahahahahHhHha
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Not soon enough.
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Remember the HOOD c-suit openly telling he will insider trade before PCO enablement ? Conversation was discovered in the HOOD trial. I bet he is still not in prison yet.
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Wen u dumasses stop cheering class actions?
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They generate much less than half the revenue of Gamestop, bleeding users, can't turn a profit, but have (had) double the market cap of GME prior to today's drop... 🤔
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Fundamentals bro
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It’s cause of Vlads plebeian ass haircut, he’s got swaps hidden in there
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😆
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So THAT'S where they're hiding!
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You mean his lord farquad hair?
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i actually burst out laughing haha
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market manipulators aka market makers decide the market cap.
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using infinite liquidity, yeah...
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They're bleeding even though they're propped up by the same fucks shorting GameStop
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Don’t give them clicks:
Although third-quarter revenue rose 29% to $467 million, it fell short of the $480 million analysts were predictin
Revenue was hurt by a 13% decline in third-quarter transaction revenue tied to stock trading, compared with the same period last year.
The stock was last down more than 14%.
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Any believe them? What if the books are cooked 🧑🍳
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What a fucking meme stock
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Hottest meme stocks this week:
CITI
ROBINHOOD
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Bye bye robinhood
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what does the little boy from bulgaria have to say about this?
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I’d be surprised if he hasn’t sold all of his stake already. You know, to “diversify”, amirite, Jamie?
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well… when i was a young boy in GMERICA….
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criminals.
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In the interest of not giving these fuckers clicks:
Robinhood drops 14% after reporting big declines in trading volume and revenue
Shares of Robinhood fell Wednesday after the retail brokerage reported a drop in trading volumes in the last quarter and said it’s looking to expand growth in Europe.
Robinhood also reported fewer monthly active users, which fell 16% to 10.3 million in the third quarter from the same period last year.
Although third-quarter revenue rose 29% to $467 million, it fell short of the $480 million analysts were predicting. Its net loss narrowed to $85 million, or 9 cents a share, and topped Wall Street’s expectations.
Revenue was hurt by a 13% decline in third-quarter transaction revenue tied to stock trading, compared with the same period last year. Crypto trading dropped 55% year over year. Options trading was unchanged. That translated to an overall decline of 11% in its transaction-based revenue.
The stock was last down more than 14%. Shares have gained nearly 20% year to date.
“Over the past year, we’ve put a lot more value in products like Robinhood Gold, including a 4.9% annual yield on cash and a 3% match on IRA contributions,” Robinhood CEO Vlad Tenev said in the earnings release. “Looking ahead, we remain focused on providing industry-leading products that serve far more of customers’ financial needs, gaining market share, expanding internationally and continuing to change the industry for the better.”
The company is also seeking growth opportunities in Europe. It said in its earnings release that it will soon launch its brokerage in the U.K. and will open crypto trading to its EU customers.
The drop in trading coincides with rising treasury yields — with the 10-year Treasury yield topping 5% just last month — that have been weighing on equities. Stocks are off to a strong start for November but that follows three consecutive months of declines that likely affected activity in retail trading.
Similarly, cryptocurrencies have held on to recent gains after a big rally at the end of October, but trading across the market has been stagnant since about May. At the end of August, bitcoin trading volume hit its lowest level in more than four years, according to CryptoQuant, as investors waited for reasons to jump back into a market hampered by regulatory uncertainty.
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STOP using their fucking shitty app.
These fuckers will count “active users” even if you check your balance or use their chart/quotes just once and not trading. Fuck em.
Not financial advice.
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Tbh, I still have 1 GME I left on RH before I transferred out a couple of years ago.
I haven't even loaded the app up since I left, but I'm sure the account is still being counted as an "active user statistic."
I left it open to see what happens down the road for shits and giggles.
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Lol I just watched Dumb Money last night and it reminded me how much I hate robbinghood. So I looked up the share price last night and now this lol.
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What is this? A dip for ants?
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Ah, long may the sweet Justice ensue!
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RIP cucks
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Kenny's cutting the kids loose
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She don't take FTDs 😁
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FUCK ROBINHOOD
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How I would love to see them delisted
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gme dropped almost 50% since last earnings.
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Haha get rekd
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Robinhood drops 14%? baby drop lol
When they announce that BCG is involved in their turnaround plan.
lul
$cum on shorts!
Classic
That’s a drop for ants. People still use Robinhood??
I had 1.5 shares left. Can't transfer cause it cost more than it's worth. Now I got 5 ish cause of split. Now just waiting patiently for the stock to go higher than what I paid. Ima try and rob robinhood. Lol
https://cathiesark.com/ark-combined-holdings-of-hood
Not happening. I think Cathy would buy more. Cost base of 30, makes you wonder why, when everyone in the industry should know HOOD is fucked. Maybe there is a reason allegedly 80% of managed funds underperform the indices in the long run ?
Wouldn't it be weird if word started spreading that Robinhood was going bankrupt while huge numbers of people from a certain reddit sub started shorting the their stock? Lol
That's called playing extremely fast and loose with the law. I just like one stock and don't care about the others.