Robinhood: By Order of the Peaky Blinders
It seems Robinhood is on a winning streak reporting net income of $157 million despite previous losses. A positive swing indeed it must have been some proper business maneuvering.
Blowing Away Wall Street Estimates
Earnings per share and revenue numbers were both records for Robinhood leaving Wall Street analysts stunned. Maybe they should have consulted the Shelby brothers for financial advice.
Crypto The New Peaky Business
Cryptocurrency transactions brought in a hefty $126 million in revenue for Robinhood in the first quarter. Looks like even the Shelby family would consider dealing with crypto assets as long as it's legal.
Regulatory Clouds Loom Over
The SEC issuing a Wells Notice to Robinhood over its crypto business has thrown a spanner in the works. The last thing anyone wants is to cross the SEC even the fiercest of Peaky Blinders.
Expanding Peaky Customer Base
Robinhood's number of funded customers rose by 810,000 reaching 23.9 million. That's quite the gang following but let's hope they don't end up on the wrong side of the law.
Stock Surge Fit for a King
Shares of Robinhood were up nearly 40% year to date before the earnings announcement. Looks like someone's making some big bets but let's hope it's not a gamble with the devil.
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The SEC might need to keep an eye out for some razor blade dealings if the Peaky Blinders ever get involved in finance.