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 6 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
Howard Lindzon: Robinhood wouldn't exist if Vanguard hadn't hoarded its technology
“There should be no Robin Hood. There should be no any of this stuff. It should all still be CNBC and Vanguard and Goldman Sachs. They just didn't give their technology. They hoarded the technology.”
Isenberg: Robinhood is an Attractive Bet at $2-3B Enterprise Value
“The market cap for the business is 8.6 billion. They've got like almost six billion dollars of cash on hand. So the enterprise value is like two, you know, three billion dollars, something like that. And it's Robinhood. They've got like twenty million plus cus…”
Robinhood reached a $10B valuation before incumbents copied zero-commission trading
“People could have asked, and I'm sure they did, in 2011, Robinhood, why doesn't E-Trade or TD Ameritrade just come up with a mobile app and do zero free trading? Well, most of them did eventually, but by the time they did, Robinhood was a ten billion dollar co…”
Isenberg: Brokerages Like Robinhood Spend Hundreds to Thousands on Customer CAC
“Robin Hood, TD Ameritrade, companies like that will spend hundreds of dollars, sometimes thousands of dollars to acquire a customer.”