the really dumb aspect of the institutional performance is that the meme stocks are down now and because they interceded, they become plausibly responsible for the drop in the eyes of millionshttps://twitter.com/eigenrobot/status/1354841953658048512 …
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what if actually this is good for their business in the medium to long term
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it wasn't *really* robinhood that did it, it was the evil hedges that forced them too plus everyone's gonna keep using the app that they already use
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the only thing that I think we're definitively getting out of this is RH is going to need to rebrand to be like any other brokerage
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I don’t think normie type investors will ever see them as anything but the place where amateurs gamble I can’t imagine a successful rebrand into boomer friendly 401k management
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