Chancellor: Robinhood is more sheriff than rebel [Reuters]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: Reuters
Robinhood Markets (HOOD.O) , the app-based stockbroker preparing to go public, also presents itself in Lincoln green livery and claims to be on a mission to “democratise finance for all”. Yet the company more closely resembles Robin Hood's nemesis, the Sheriff of Nottingham. Its business model of taking from the poor to give to the rich might thrive during bubble times, but it isn't sustainable. “We are all investors,” Robinhood's initial stock offering prospectus proclaims. The company seeking a $40 billion valuation boasts that it provides access to “one of the greatest sources of wealth creation in the world” – the U.S. stock market. More than half of Robinhood's 18 million customers never owned a stock before. The Silicon Valley-based firm has disrupted the traditional brokerage business by “obliterating” commissions on equity and options trades and allowing customers to own fractional shares. Clients can buy into IPOs, including its own. “We believe we are meaningfully expandin
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SNDL
News
- SNDL to Announce First Quarter 2024 Financial Results on May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- SNDL to Announce First Quarter 2024 Financial Results on May 9, 2024PR Newswire
- SNDL Inc. (SNDL) Now Trades Above Golden Cross: Time to Buy? [Yahoo! Finance]Yahoo! Finance
- SNDL to Participate in Upcoming International Cannabis Conferences [Yahoo! Finance]Yahoo! Finance
- SNDL to Participate in Upcoming International Cannabis ConferencesPR Newswire
SNDL
Sec Filings
- 4/26/24 - Form 6-K
- 4/15/24 - Form S-8
- 4/9/24 - Form 6-K
- SNDL's page on the SEC website