Where is PFOF (Payment For Order Flow) Going?

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🗓️ 21 September 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should Uber’s stock really have risen 10% after management increased guidance? With the SEC taking a closer look at it, what does the future of payment for order flow look like? Bill Mann answers those questions, discusses ARK Invest CEO Cathie Wood, and reacts to a fantastic arrest in New Zealand.

Transcript

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0:00.0	It's Tuesday, September 21st.
0:04.7	Welcome to Market Foolery.
0:05.8	I'm Chris Hill with me today at the one and only,
0:07.9	Bill Mann.
0:08.7	Thanks for being here.
0:09.7	Hey Chris, how are you, brother?
0:11.5	I am good.
0:12.5	We got some things to talk about.
0:14.2	We have payment for order flow.
0:16.3	We've got the latest news from the restaurant industry,
0:18.7	but we are going to start with the stock of the day.
0:21.2	Shares of Uber up 10% after the company
0:23.8	increased its guidance for the third quarter.
0:26.5	In a filing with the SEC, Uber essentially
0:28.8	raised the floor on the gross bookings
0:32.0	that it expects in the third quarter.
0:34.1	They had previously said, it's going
0:36.2	to be summer in the range of 22 to 24 billion.
0:39.4	They're now saying 22.8 to 23.2.
0:45.8	And I don't know if this is short sellers running
0:49.2	for the exits, but if you're a new brochure holder,
0:51.6	you're having a good day.
	...

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