Downtown Josh Brown
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Appearances Over Time
Podcast Appearances
They come out of the quarter and be able to give really good guidance for the second half.
I think they looked at their stock below 100, and they said, f*** that.
Now is the time to get back in the game.
That's, I'm just, we met Vlad when we spent two hours with him.
I'm just like trying to mind meld with him from afar.
That's what I think the mentality is.
I think he wants a triple digit stock price.
Was gonna say, oh, this helps.
Give me the chart.
Bitcoin is picking itself up.
And for whatever, for good reason, Robinhood stock price is still fairly correlated, not perfectly, but fairly correlated to Bitcoin.
Obviously, it's a lot of crypto trading on the platform.
And when Bitcoin is in a free fall, as it has been, less people want to around with other tokens and coins.
Huge.
Here's another growing part of the business.
Our friend Dan Dolev at Mizuho wrote about prediction markets.
He's got a note out saying prediction markets reach all-time high in May.
And in addition to equities and options and all the things that are going well at Robinhood, this is now becoming 9% of total revenue.
So this is what Dan said.
Prediction markets are the key positive.