Amusing Twist: $HOOD Interest Earnings Surpass Core Revenue (Patreon)
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Nuts to see Robinhood's generates more income from interest compared to its core trading revenue.
Additionally, the US Government faces a $1 trillion payment.
The strategy of holding other people's funds and investing in Treasuries seems beneficial.
Please note that I do NOT own RH, but I do use it as a trading platform for recreational purposes. I found it convenient for switching between MSTR, BTC, ETH, and ALTs until some adjustments were made. The user interface is appealing, and the 24-hour trading option on Tesla is a feature I appreciate. I have TSLA, BTC, ETH and MSTR on there at the moment for pair trading purposes.
h/t Sanjay for the chart.