With a Coinbase direct listing behind us and a Robinhood IPO front, this is a great time for consumer-centric trading applications. ETO’s upcoming SPAC-led debuts, general bullishness in the cryptocurrency space, record-breaking heights in some equity markets and the recent rounds of Public.com, M1 Finance and UK-based freight trade mix and you will be forgiven for that expectation.
But what will happen? There is information on both sides. While recent data suggests that some lucrative businesses at companies like Robinhood may be slowing down, the app encourages download data that paints a more bullish picture of the sustainability of consumer interest savings and investments that the exchange has been eyeing for some time. Our question today is: How do companies bullish in space about the continued consumer interest in equities and other asset trading? We will ask similar questions to their supporters. We’ve compiled notes from Excel’s Sameer Gandhi about public opinion as Robinhood and its market indicator John Hammer, as well as public.com and M1Finance’s comments on what they see as consumer business interests in the future.
Thoughts Robert lay, senior emerging technology analyst at PitchBook’s, turning things off. We will start with a brief look at some of the information to emphasize to ourselves where the consumer business demand is seen today, and then consider what the companies in the ring and their supporters think. We will close with a synthesis of all perspectives to bring hype-adjusted expectations for the rest of 2021.
Coinbase has executed its direct list behind one of the most impressive quarters we’ve seen in terms of business results, meaning it starts trading just as well as an organization can when it looks good. Will it be the same for Robinhood and company? Coinbase has executed its direct list behind one of the most impressive quarters we’ve seen in terms of business results, meaning it start trading just as well as an organization can when it looks good. Will it be the same for Robinhood and company?
