Robinhood's profitable growth trajectory: a diamond in the rough or fool's gold? 🤔💳; Elon Musk gears up for 𝕏 financial revolution with the imminent launch of in-app payments 👀💸

FinTech is Eating the World, 8 August

Hey Everyone,

Good morning & happy Friday! Today we’re looking at Robinhood and their latest financials (a deeper dive into their Q2 2024 numbers, what they mean & whether you should be bullish on HOOD 0.00%↑ in 2024 + some bonus reads inside), and 𝕏 that’s being geared up for a financial revolution by Elon Musk and his grand vision (a quick recap of the latest developments, why they matter & what’s next + some bonus deep dives). So let’s just jump straight to the compelling stuff 🌶️

Robinhood's profitable growth trajectory: a diamond in the rough or fool's gold? 🤔💳

Following the money 💸 Retail trading giant Robinhood Markets HOOD 0.00%↑ just reported record-breaking second-quarter results beating Wall Street expectations.

The company's performance was boosted by significant growth in transaction-based revenues and a surge in its premium subscription service as interest in meme stocks and cryptocurrencies soared, and the FinTech giant continued to gain retail trading market share from rivals.

Let’s take a deeper dive into this, break down the most important numbers to see what they mean, and what’s next for Robinhood in 2024.