Transcript
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Scott Becker (0:59)
This is Scott Becker with the Becker Business and the Becker Private Equity Podcast. We try and bring you daily one to two specific market insight episodes, often about a specific company. In their results, we try and make sure you're learning that you're enjoying yourself relatively short episodes. We appreciate you so much listening. Today's discussion is Robinhood gives back some of its gains. So, so Robinhood, you know, famously took from the rich and gave to the poor. Over the last couple of years, Robinhood has essentially the company made a lot of people rich as its trading platform has exploded. It's up about 230% year to date, so, so knocking it out of the park. But November saw steep declines in its trading on its platform, both on its equity trades as well as its crypto trades. And it had really grown a lot in terms of the crypto trading platform as well. It's crypto trading down 19% year over year. It's general trading down 37 from the prior month in November. So essentially a really challenging November. So, so what's going on with Robinhood? It's also become like a real name stock. Whereas at one time it started as a meme stock. I have no ide where Robin it goes from here. Over the last couple days it's down about 10%. We'll see if that lasts. Whether it doesn't last or maintains it's. It's really exorbitantly high multiple. Some people would say irrational exuberance. I'M not sure, but I've never really followed Robert that closely. I'm starting to follow it and learn more and more about it. But but a fascinating it's up 230% year to date, but had a really horrible November in terms of its sales and results and revenues. But it's still up a huge amount year to date, but it's given back 10% of those gains over the last couple days. That's what we've got on Robin Hood today. Do us a favor if you get a chance. If you're the first person to text Scott Becker at 773-766-5322 and you text Robin Hood or Take from the rich give to the poor, sort of like a Bernie Sanders or Elizabeth Warren type of thing, then I will be happy if you're the first person to send you a $25Amazon gift certificate. That'll be like the poor giving to the poor. Unless you're a rich person, then it's the poor giving to the rich. Thank you for listening to the Becker Business and the Becker Private Equity Podcast. God bless you all. Thank you very, very much.
