Robinhood (HOOD) stock

No, the record breaking fine is just a business expense to Robinhood. We should be fine to be investing and share in the democratic wealth creation. This means go all on HOOD everybody.
 
Damanuelman said:
No, the record breaking fine is just a business expense to Robinhood. We should be fine to be investing and share in the democratic wealth creation. This means go all on HOOD everybody.
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Sounds like someone doesn't understand what payment for order flow is.
 
  • Robinhood said in the filing that Class A shares will have one vote each, while Class B stock will have 10 and Class C will have zero.

Momma didn't raise no dummy.
 
Prospectus index
https://www.sec.gov/Archives/edgar/data/0001783879/000162828021015076/0001628280-21-015076-index.htm

Prospectus direct link
https://www.sec.gov/Archives/edgar/data/0001783879/000162828021015076/robinhood424.htm

Class A common stock offered by company
52,375,000 shares.

Class A common stock offered by the selling stockholders
2,625,000 shares.

lass A common stock to be outstanding after offering
710,596,801 shares

Class B common stock to be outstanding after offering
131,807,224 shares.

Total common stock to be outstanding after offering
842,404,025 shares

Market cap at IPO price of $38.00
38.00 * 842.404 million = $32.011 billion

Market cap at high price of $85.00
85.00 * 842.404 million = $71.604 billion
 
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