Boom or Bust? via /r/wallstreetbets #stocks #wallstreetbets #investing

Boom or Bust?

RH Guidance:

“Investors will have to weigh rapid revenue and user growth against lukewarm guidance. In its updated prospectus, Robinhood said it had 22.5 million funded accounts at the end of June. If its Q2 revenue projections are accurate, it has already brought in more money in the first half of 2021 than in all of 2020. However, it expects a net loss in the second quarter (after posting a profit a year earlier), and warned that its growth could slow as the retail trading boom fades.” -investopedia

So is it going parabolic or slipping down steady off the bat? I am curious about the significant chunk already sold to retail. Makes me wonder if they don’t expect a dismal first day…

Submitted July 29, 2021 at 03:38PM by HaveGunsWillTravl
via reddit

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