Who is on this subjectordered by the date of their first quote here
2 of 2 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 6 Feb 2021 — a date, and nothing else. It is not a claim about who reached a view first.
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Bill Gurley
3
thin
6 Feb 2021 – 25 Aug 2021
+0 d
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David Friedberg
2
thin
13 Jul 2021 – 13 Jul 2021
+157 d
The chronologysourced and dated, oldest first
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Bill Gurley
Gurley states 64% of Robinhood revenue comes from options trading despite democratization claims.
“it's now known that 64% of their revenue comes from options trading. And so the company wants you to believe and and goes on public television and claims that their mission is to democratize investing.”
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Bill Gurley
Gurley says over half of Robinhood's revenue comes from payment for order flow for options, which history shows loses money.
“Over half of the revenue that Robinhood has reported is payment for order flow for options.”
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David Friedberg
Friedberg interprets the $70 million FINRA fine on Robinhood as industry self-regulation to prevent government intervention.
“I feel like the the Robinhood fine the FINRA fine of $70,000,000, was a good red herring for what's gonna happen in this industry which is that the big financial services firms wanna participate in this market and they don't want regulators coming in and reregulating the market.”
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David Friedberg
Friedberg argues the $70 million Robinhood fine was meant to prevent broader regulatory intervention in fintech.
“They they see the opportunity in the same way that the startups do. And FINRA is a self regulatory organization.”
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Bill Gurley
Gurley says Robinhood makes 4x more revenue on options trades than stock trades despite democratization claims
“they make about 4x the amount of revenue on a option trade than they do a stock trade. Why do I bring this up?”
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Where they overlapsame programme, same subject
- CNBC Television also carries Bill Gurley and David Friedberg on this subject, at different times.