Originally Posted by sonatine
https://www.google.com/amp/s/fortune...robinhood/amp/Stop me if you’ve heard this one: A tech startup raises buckets of money at a crazy valuation but then struggles to turn a profit. Along the way investors discover the startup doesn’t belong to the high-margin world of tech companies at all, but is instead grinding it out in a low-margin industry. This is the story of Uber and Lyft, and more recently of WeWork. Now, one wonders if the same fate will befall Robinhood.
Nothing like a correction to shine the light on bogus models that were previously protected by euphoria
Free, free, free
Speaking of free
Lol the free tax prep shenanigans like TurboTax. I always joked they sold your data to google but it was just normally fraudish bait and switch shenanigans.
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