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A comment on Robinhood Is Set to Raise at Least $200 Million in New Funding. Parent comment

Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by docker_up on Friday May 24, 2019 @06:18PM (#20005784)
Read that more carefully. 4 Million accounts, not all are funded. How much are funded? We don't know because they didn't say. I have an unfunded Robinhood account for the stock quotes.

E-trade is a public company so all its numbers are GAAP. Their account numbers are funded. So it's not an apples to apples comparison. Plus they are profitable, so the valuation numbers make Robinhood look even worse.

[ Parent | on HN ]
Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by prklmn on Friday May 24, 2019 @07:18PM (#20006112)
GAAP is so overrated. It's 2019. The goal is to acquire users, not to make money. Unprofitability is sexy. In all seriousness this might as well be 1998 and I just hope they go public before the next big market swing down so I can short it.
[ Parent | on HN ]