A number of companies were lifted by the boom in trading and investing. Some of the best-known went public on the back of a global trend that made their businesses shine. The shine is fading and the value of some concerns is in free-fall.
The best example of this is the company that became synonymous with consumer trading and investing activity, and the meme stock craze. The recent results of the company are relevant to the way public and private markets have changed in the last two years.
The company's stock dropped further after it reported its Q4 results. As of this morning, the stock was worth around $10.85 per share, which is 71.5% off its IPO price and 87.2% off its all-time highs. What happened? Let's find out.
What makes Robinhood valuable
The simplest way to think about the business is to divide active users by average revenue per user. Users help the company generate payment for order flow and other incomes. Average revenue per user is just that, allowing us to consider the company's general health as MAU*ARPU.
More of either is a good thing. Less of both in any quarter is probably a disaster. Got it? Let's talk numbers.
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