OMG! 🔥 ROBINHOOD LOSES $1.4BN AS A RESULT OF AMC & GME 🔥 – AMC Stock Short Squeeze Update

OMG! 🔥 ROBINHOOD LOSES $1.4BN AS A RESULT OF AMC & GME 🔥 – AMC Stock Short Squeeze Update

Robinhood just lost $1.4bn for the first quarter of 2021 as a result of AMC and GME. There's also more FUD being spread, and finally a message from Adam Aron.

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Links;
https://www.nytimes.com/2021/07/01/technology/robinhood-ipo-financials.html
https://seekingalpha.com/article/4439959-amc-stock-the-hype-is-fading-dont-buy-the-dip
https://www.cnbc.com/2021/07/19/amc-signs-deal-to-lease-the-grove-and-americana.html

Roninhood incurred massive transaction costs on the $3.5bn they borrowed in February, causing a $1.4bn loss for the first quarter of 2021, compared to the $7m profit they made last year.

Robinhood clearly don't generate significant profits and are losing significant amounts of faith in their customer base as they still engage in unethical PFOF practices, selling their order flow to corrupt market makers.

CNBC is spreading yet another FUD article which appears to contradict itself significantly, I personally believe the short thesis makes very little sense anymore as AMC is emerging from its bankruptcy risk and will be soon generating substantial profits.

Finally, Adam Aron gave a word on the new theatre acquisitions.

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