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Viewsroom

Robinhood’s reversal, Russian oil cap

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 30 June 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

The digital brokerage is worth less than a quarter of its $32 bln IPO value. In this Viewsroom podcast, Breakingviews columnists argue that its $7 bln cash pile and ample user base make it an attractive target. Also, Western leaders’ plan to restrict funds to Moscow may backfire. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Getting instant insights is amazing.

0:02.8

But if there are too many data points, it can be hard to see what works.

0:07.4

So I'll ask my AI assistant for recommendation.

0:11.0

And with PDF spaces in Acrobat Studio, it's easy to remix documents and transform insights into standout content.

0:18.9

So you can go from idea to creation in record time all within an

0:23.1

AI-powered workflow. Do that with Acrobat. Learn more and try it out on Adobe.com. The views expressed

0:31.0

on this podcast are those of the participants, not of Rogers News. Up next, we're talking about Robin Hood's lowly valuation and Russian oil caps.

0:47.3

Welcome back to the Views Room, the podcast from Reuters Breaking Views, where columnists from around the world talk about the big stories of the week.

0:55.7

I'm your host, Amy Donnellin, coming to you from Canary Wharf in London.

0:59.9

Robin Hood is in a slump.

1:02.2

The digital brokerage that went public with a sky-high valuation of $32 billion is now only worth $7 billion.

1:10.1

Its poor fortunes are directly linked to that of its customers,

1:14.2

which haven't been trading as frequently and have been hit hard by the 2022 market sell-off.

1:19.9

But there is a case to be made that Robin Hood is being too harshly punished by the market.

1:24.5

Also, Western leaders are running the rule over a plan to apply a price cap to

1:29.6

Russian oil. It's a nice idea. After all, limiting the revenue Vladimir Putin can pocket from Europe

1:36.1

will make it harder for him to fund the war in Ukraine. But there's a high probability of Moscow

1:41.7

finding a workaround. If that were to happen, it could actually lead to higher oil prices.

1:47.5

Politicians may be better off leaving well enough alone.

1:50.4

First, John Polly dials in from Washington to chat about Robin Hood's fortunes and the options for the digital brokerage.

1:57.2

Next, Pierre Branson in London discusses the unintended consequences of a Russian oil cap.

2:07.5

Robin Hood is in a dramatic slump. Here to talk to you about it is John Foley and according to John's piece, it may not be all bad.

...

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