Thanks for this. I would steer clear from it since we will see the media hype train on this stock that tempts the retail trader to jump in very early.
I see it as a trap for the large early investors to dump their shares once it IPOs; Similarly, it happened with Coinbase ($COIN), even though that was a direct listing.
> Robinhood is also highly dependent on cryptocurrency trading, another area now getting a close review by the SEC.
This is the reason alone to stay away from it "for now".
Good point, in addition Robinhood is highly leveraged, they raised 3.5b in 2021 at the face value of 5.0b, so the new shareholders would implicitly pay the price for that aggressive borrowing..
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[ 2.1 ms ] story [ 16.3 ms ] threadI see it as a trap for the large early investors to dump their shares once it IPOs; Similarly, it happened with Coinbase ($COIN), even though that was a direct listing.
> Robinhood is also highly dependent on cryptocurrency trading, another area now getting a close review by the SEC.
This is the reason alone to stay away from it "for now".