This market is absolutely in a bubble
Been trading for 21 years and never seen anything like the disregard to valuations ever before
The Gen z kids are going ot learn
Consumers ages 25 to 35, accounting for about a quarter of Chipotle’s sales, are reducing visits due to economic pressures like student-loan payments.
More than 50% of Gen Z consumers recently surveyed by PricewaterhouseCoopers plan to cut back on restaurant spending in the next six months.
Robinhood is built for where investing is going. Old brokerages move slow and their apps look like they’re from 2012, while Robinhood actually keeps improving and talking to millennials and Gen Z who are about to control most of the wealth. And people actually trust the brand now too, like more and more are joining and staying. As that money grows, the platform made for them is the one that wins. ALSO 24 hour trading is a game changer and gives people on Robinhood a huge advantage over other brokerages. If it keeps going like this, I think it could be a trillion dollar company. It’s market cap is currently $130B, I suspect that number will be jumping a lot. I think it could be over $300 a share next year.