Robinhood ເປັນ 'ຮູບແບບທຸລະກິດທີ່ບົກພ່ອງ': Jeff Kilburg

Robinhood Markets Inc (NASDAQ: HOOD) has bounced about 70% off its low in mid-June, which, as per Jeff Kilburg (Chief Investment Officer at Sanctuary Wealth) is an opportunity to pull out of the stock.

Robinhood is unlikely to be profitable anytime soon

Kilburg wants Robinhood to be profitable before he changes his stance on the “fintech”. According to the Bank of America Corp, though, “that” is unlikely to happen before 2025.

ທ່ານ ກຳ ລັງຊອກຫາຂ່າວໄວ, ຄຳ ແນະ ນຳ ທີ່ຮ້ອນແລະການວິເຄາະຕະຫລາດບໍ?

ລົງທະບຽນ ສຳ ລັບຈົດ ໝາຍ ຂ່າວ Invezz, ມື້ນີ້.

He’s been vocal against the California-based company ever since it went public last year. Explaining why on CNBC ຂອງ "ການແລກປ່ຽນ", ລາວ​ເວົ້າ​ວ່າ:

It’s a flawed business model. 80% of their revenue is predicated on them selling their order flow. That goes away; the SEC is trying to crack down that to a certain extent. It doesn’t work, it doesn’t add up to me.

Despite the recent rally, Robinhood is still down massively from its IPO price of $38 a share.

Robinhood Markets lost 1.9 million MAUs in Q2

Earlier this month, Robinhood ລາຍງານ weaker-than-expected quarterly sales as assets under custody and, more importantly, monthly active users plummeted in Q2.

Consequently, the Nasdaq-listed firm ແຜນການເປີດເຜີຍ of lowering its headcount by 23% to cut costs. Kilburg added:

I don’t like the longevity and efficacy of that business model. They’re not diversified. If they got more diversified, I could change my mind. But right now, I’m surprised it’s in double digits. I want to stay away from Robinhood. Sell, sell, sell!

Wall Street currently has a consensus “hold” rating on the Robinhood stock with downside to $5.0 a share in the worst-case scenario.