The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Tenev: Robinhood restricted GameStop trading for about one day
“We had to make a tough call to put GameStop and a bunch of other companies on position closing only, which basically meant you couldn't open up new positions, take on more risk for a period of about one day.”
Tenev: Robinhood gave free GameStop shares to new users in 2020
“GameStop was one of the collection of free, free stocks that was given to customers.”
Tenev: Robinhood Has 11 Business Lines Generating Over $100M Annually
“We become a business that has 11 business lines now with over a hundred million in annual revenue.”
Tenev: Robinhood IPO Access has facilitated roughly 50 IPOs since 2021
“So we have a great IPO access offering, which is the number one retail channel for IPO participation. And we started this in 20, 21 around the time that we went public. And we've done, I think, roughly 50 IPOs since the beginning.”
Tenev: Robinhood Retirement Has Over 1.5M Accounts
“We followed that up with Robinhood retirement, which has Over one and a half million accounts.”
Tenev: Robinhood Lost Over 80% of Market Value Post-IPO
“We went from IPO-ing at about a thirty two billion dollar valuation in 2020 one to in 2022, we were We were trading at like six dollars and change. So we lost. 80% plus of our market value since IPO”
Tenev: Robinhood offers real-time cash delivery in New York
“And it's a combination of things that you won't get anywhere else, like real-time cash delivery. Which is available in New York. So if you're actually here domiciled, you can try that out.”
Tenev: Robinhood Gold Card has over 500,000 cardholders
“Even though it's still not completely generally available, we do have over half a million cardholders and we're among the fastest growing credit cards.”
Tenev: Robinhood's Sage Home Loans partnership discounts mortgages by 75 bps
“Yeah, and we have a mortgage partnership with Sage Home Loans that gives you 75 basis points off of the national average.”
Tenev: Robinhood scaled from 700 staff to thousands and nearly $1B revenue in 2020
“We went from, I'd say, end of 20 19, we had 700 people and something like 202 hundred and change million in annual revenue to in the next year, end of 20 20, we had thousands of people and close to a billion in revenue. It's like a three, three, three X plus i…”