They need a base of tax advantaged accounts that grow organically with regular contributions and don't require constant fads to drive new fast money
Robinhood's earnings revealed 3 things: 1) Options remain the steady cash cow 2) They can't chase the crypto meme fast enough 3) Customers aren't adding new $ to the platform I'm still avoiding the stock.pic.twitter.com/tlURIdZIQM
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People who have incomes steady enough to save regularly by definition have jobs with employer 401ks. Robinhood's customer base is the working poor.
End of conversation
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Avoid the app too.
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So one-fourth total firm revenues coming from Dogecoin trading in Q2 was a warning sign re crypto?
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agree. 
Vlad has to be wondering how he is going to keep people hopeful on the next earnings call if the numbers still look like this…Thanks. Twitter will use this to make your timeline better. UndoUndo
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I personally had more fun with the "we're a crypto brokerage now" bit
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