May 7, 2024 - Economy
Charted: Can HOOD meme again
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Robinhood used to be a meme stock, but it hasn't seen a moon since its IPO year.
💭 Our thought bubble: Attention from a regulatory battle might help.
Fun fact: Coinbase's shares (COIN) has gained 286% since the SEC's lawsuit landed on June 6, and bitcoin was up just 146% over that time.
- Bitwise Asset Management's Matt Hougan said yesterday Coinbase was seeing the added benefit of a "hostile regulatory environment" as an "artificial moat" for its business.
