Robinhood's mixed Q3: growing pains cloud near-term outlook 💸📈; Coinbase is solidly diversifying beyond just trading but valuation demands growth acceleration 👀📊

FinTech is Eating the World, 31 October

Hey Everyone,

Good morning & happy Friday! Due to travels, the latest issue is coming out late but boy oh boy it’s hot 😤 Today’s newsletter is all about the giants in their field as we’re looking at Robinhood's mixed Q3 earnings (unpacking the most important numbers & what they mean & how growing pains cloud trading giant’s near-term outlook), and Coinbase which is solidly diversifying beyond just crypto trading but valuation demands growth acceleration (unpacking the key facts and figures from Q3 2024, what they mean, what to look out for next & whether Coinbase is worth your time & money in 2024 and beyond). So let’s just jump straight into the fascinating stuff 🌶️

Robinhood's mixed Q3: growing pains cloud near-term outlook 💸📈

Earnings time 🤑 Retail trading giant Robinhood HOOD 0.00%↑ recently posted its third-quarter earnings that fell short of expectations. The miss was attributed to an accounting quirk related to incentives that the company said Wall Street analysts had overlooked, sending its shares down nearly 15% this week. Ups.

Let’s take a closer look at this, unpack the most important numbers, what they mean, and whether Robinhood is worth your time and money in 2024 & beyond.