Robinhood: Stealing from the poor and giving to the rich

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 27 October 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robinhood just reported a terrible quarter. Prepare for a rant at the end of the show… But first, let’s look at some other company earnings… Some of the biggest names in tech have reported—and Daniel and I discuss which companies are separating themselves from the pack. [1:20] Next, a company Daniel’s been bullish on reported a bad quarter. Daniel breaks down what he got wrong about the tech leader... why the stock dropped 10%... and one post-earnings silver lining. [4:18] While Facebook and Twitter both reported incredible earnings… their stocks pulled back on the news. Is now a good time to buy these social media giants? [9:15] Speaking of Facebook, the company has some impressive goals for building out the “metaverse.” Investors need to pay attention and keep an open mind about this coming megatrend. [14:15] When it comes to successful investing, one of the best strategies is to invest in smart people with strong convictions. There are some you just don’t bet against—like Mark Zuckerberg, Jack Dorsey, and Elon Musk. [19:50] Finally, Robinhood is doing the exact opposite of what its name stands for... [25:55] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ : https://www.curzioresearch.com

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial
0:06.4	media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.4	right to you on Main Street.
0:12.9	There's no other theory, it's on October 27th.
0:18.4	A friend Kirschi, who's the Wall Street Unplug podcast, why break the headlines, and tell
0:27.2	you it's really moving these markets.
0:29.2	How's it going, Daniel, what's going on, man?
0:32.5	Frank, I'm doing well, sir, it's another wonderful Wednesday here in Florida, man.
0:36.8	Yeah, it is pretty nice out there.
0:38.6	I gotta tell you, it's actually beautiful, right?
0:41.0	It's like probably 60s, really, may have 50s in the morning, and then it gets up to
0:44.8	like 75 and beautiful, no rain, you know, I mean, according to Southwest, the weather's
0:49.7	really, really bad here, but it's not.
0:51.2	It's actually really good, right?
0:52.6	Yeah, it's awful.
0:53.6	It's still chilly.
0:54.6	We'll make everybody mad that is not in the southern states here because people are,
0:59.0	it's changing of the tide.
1:00.0	You know, it's winter.
1:01.0	This is a great time.
1:02.0	You know, I missed the turning of the seasons when I lived in Arizona for so long, it just
1:04.8	goes from hot to nice, so it's kind of neat to experience that, but yeah, it's cold for
	...

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