Not sure about Robinhood being on this list. They actually have billions in cash on hand right now.
They also have some valuable IP that a lot of people don't give them much credit for. One example being a brand new, in-house trade clearing system. This is similar to rewriting an IBM core banking system from scratch.
They also have some valuable IP that a lot of people don't give them much credit for. One example being a brand new, in-house trade clearing system. This is similar to rewriting an IBM core banking system from scratch.
https://www.cnbc.com/2018/10/10/robinhood-launches-its-own-t...