$HOOD just got wrecked 📉
Crypto trading rev down 55% YoY to $120M
Q3 earnings missed hard
Stock dumped 7% after hours
Retail is officially dead. When normies stop aping, you know we're deep in the chop. This is what happens when you build your biz model on 2021 euphoria.
Bullish signal? Maybe. Means we're close to max pain before the next leg up. But for now, $HOOD holders are exit liquidity.
Crypto trading rev down 55% YoY to $120M
Q3 earnings missed hard
Stock dumped 7% after hours
Retail is officially dead. When normies stop aping, you know we're deep in the chop. This is what happens when you build your biz model on 2021 euphoria.
Bullish signal? Maybe. Means we're close to max pain before the next leg up. But for now, $HOOD holders are exit liquidity.