Of twenty 20es cu run revenue was payment for orderflow, about sixty three per cent of their total revenue. Most of the losses are going to be attributed to that game stock a fiasco in January. Over fifty per cent of the users are first time investors. This means robin hood is the future of finance. They're getting the new investors. It bodes really well for them....
Robinhood is going public! Jason breaks down their recently filed S-1 and covers the most important metrics (1:56), comparisons against other major brokerages (8:45) and more!