Hood is absolutely wrong. Literally they have only good earnings because of the interest income. The operating income is laughable for such a valuation
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@topicswithhead https://money.usnews.com/investing/investing-101/articles/how-robinhood-changed-an-industry This article explain how Robin Hood changed the idea of investing when it was launched by reducing costs for investors and adding the social aspect
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@TheMaverick i know how it works. I am literally from Germany where we have Trade Republic and Scalable capital. Even so hood changed the way of investing the platform just doesn't make good operating sales. It depends heavily on trading and crypto and would be near dead without the interest income. A Broker which can't hold itself on their operation isn't really doing a good job. I mean nearly 60 million USD are interest of deposit. Its good they make money on it but they are heavily dependening on it.
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@topicswithhead like just deduct the interest income from cash and deposit form the last 8 Quarter and you will see what a heavy difference it will make
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