Stock brokerages have 3 sources of revenue:
1. Commissions
2. Interest on cash deposits
3. Payment for overflow
Robinhood relinquished number one. Real interest rates are negative, nullifying number two.
That leaves them with only number three.
Payment for order flow on pure equity trades is insignificant. Nearly nonexistent.
That means that Robinhood’s business is almost entirely dependent on payment for order flow in options trades.
The platform doesn’t offer the technology and advantageous margining that options traders demand and can easily get elsewhere.
I can’t understand how their stock trades at 50x gross revenue when other brokerage houses trade at less than 20x EBITDA.
1. Commissions
2. Interest on cash deposits
3. Payment for overflow
Robinhood relinquished number one. Real interest rates are negative, nullifying number two.
That leaves them with only number three.
Payment for order flow on pure equity trades is insignificant. Nearly nonexistent.
That means that Robinhood’s business is almost entirely dependent on payment for order flow in options trades.
The platform doesn’t offer the technology and advantageous margining that options traders demand and can easily get elsewhere.
I can’t understand how their stock trades at 50x gross revenue when other brokerage houses trade at less than 20x EBITDA.
Forwarded from Lauren Witzke ✝️🇺🇸
Using that stupid military industrial complex mindset is exactly why we lost this war and Vietnam
People always complain about how expensive Whole Foods is.
If you’re going to Whole Foods to buy their tacky “organic” versions of the processed, packaged foods that you’d normally buy in a grocery store, they are very much relatively expensive.
If you’re buying, as the name suggests, whole foods like meats, produce etc, they don’t seem to be any more expensive than CostCo.
USDA Prime Steak is the same price.
And Whole Foods delivers your groceries for free with Amazon Prime.
Whole Foods also has a very good selection of wines at decent prices.
If you’re going to Whole Foods to buy their tacky “organic” versions of the processed, packaged foods that you’d normally buy in a grocery store, they are very much relatively expensive.
If you’re buying, as the name suggests, whole foods like meats, produce etc, they don’t seem to be any more expensive than CostCo.
USDA Prime Steak is the same price.
And Whole Foods delivers your groceries for free with Amazon Prime.
Whole Foods also has a very good selection of wines at decent prices.
It’s really too bad that this unscrupulous lawyer managed to cause damages to Laura Loomer far in excess of what she could have ever crowdfunded based on his ill-fated civil complaint.
I’m sure that CAIR will go on a proverbial jihad to collect the $125K that a federal judge ordered Loomer to pay them.
https://www.abajournal.com/news/article/federal-appeals-court-upholds-judicial-watcs-23m-judgment-against-its-founder
I’m sure that CAIR will go on a proverbial jihad to collect the $125K that a federal judge ordered Loomer to pay them.
https://www.abajournal.com/news/article/federal-appeals-court-upholds-judicial-watcs-23m-judgment-against-its-founder
ABA Journal
Federal appeals court upholds Judicial Watch's $2.3M judgment against its founder
A federal appeals court has upheld a $2.3 million judgment obtained by the conservative watchdog group Judicial Watch against its founder, Larry Klayman.
Forwarded from Franssen
People need to start learning how to grow and source their own food.
Franssen
People need to start learning how to grow and source their own food.
If you become rich you can get a fleet of freezers that will go down to 0° Fahrenheit and store a massive stockade of USDA Prime steak
For the average joe, screwing around with a backyard garden is futile
They’d be better off figuring out how to make more money
For the average joe, screwing around with a backyard garden is futile
They’d be better off figuring out how to make more money
Forwarded from Bartholomew N
Yeah, this is ridiculous advice, unless you become a farmer who doesn’t only provide for himself but also sells his product.
Otherwise, all this ‘self-sufficiency’ is extremely inefficient and actually a gift to the enemy. While leftist corporatists concentrate their power and dominate the fields they are the best in, right-wingers suggest everyone become peasants with the productivity of the 19th century.
Otherwise, all this ‘self-sufficiency’ is extremely inefficient and actually a gift to the enemy. While leftist corporatists concentrate their power and dominate the fields they are the best in, right-wingers suggest everyone become peasants with the productivity of the 19th century.
A hamburger costs about $500 if you grow all the ingredients yourself
If you’re actually worried about rising food prices, buy long dated futures contracts on the relevant commodities
If you’re actually worried about rising food prices, buy long dated futures contracts on the relevant commodities
87% of the women who will drop out of the workforce to become stay-at-home moms over the next 10 years have one thing in common: They all went to college.
Why?
Why?