Michael and Johnny continue their FinTech series by looking at Robinhood. We go over the founders' backgrounds, company history, walk through its products, and keys to its success. We dive into how they generate revenue and the controversies they have been involved in. Finally, we determine whether it is a Rich Tech or Poor Tech company.
In the News of the Week, we discuss the growing opposition to NVidia's acquisition of ARM from the likes of Microsoft, Google, and Qualcomm.
We live stream on Twitch Sundays at 9:30 AM PST!
Recorded Date: Sunday, February 14, 2021
Time Stamps
- 00:00:18: News of the Week
- 00:04:44: Founders and History
- 00:13:00: Products
- 00:15:55: Keys to Success
- 00:24:37: How do they make money?/Controversies
- 00:41:39: Rich Tech Poor Tech
Highlights
- The Switzerland of Chip manufacturing is being invaded
- NVidia's acquisition of ARM is facing opposition from Google, Microsoft, and Qualcomm
- Robinhood - do they steal from the rich and give to the poor? Or do they steal from the rich and give to themselves?
- Lehman and Wall St's collapse was a pivotal moment for the co-founders
- When you don't charge through the front, you have to charge through the back
- Who pioneered Payment for Order Flow?
- What incremental value did Robinhood bring to the individual and society as a whole?
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