 Robinhood IPO is live. See that? Robinhood currently trading at $36. Just under $37, it's been as high as, I guess it's been as high as around 40 and it is now trading live. Congratulations to Robinhood, brand new IPO. Now there's a lot of different opinions about Robinhood. Some people think that it's overpriced. Some people are saying it's a company that doesn't make any money. Some people are saying that it's going to be a huge success. So the opinions are literally all over the board here and you can see that it's trading right now down 3% currently at $36. It just opened up trading on the NASDAQ under the symbol hood. H-O-O-D is the symbol for Robinhood. Love to know, are you guys going to buy this stock? Brand new IPO just launched today. So some key numbers for Robinhood, 22 million customers, which is pretty good in five years, but they're not profitable. They had a $1.4 billion loss with 500 million in revenue. So this is not a profitable company. I want to make sure everyone understands. This is not a profitable company, Robinhood. So just be aware when you're buying Robinhood, you are not buying a profitable company. But in saying that Facebook wasn't profitable when they started, Snapchat wasn't profitable when they started. So the reality is as an investor, you got to be able to look into the future and ask yourself, where will Robinhood be in 10 years? You know, with 22 million customers and 80 billion under management, this could be a huge success story. Obviously, when Facebook started, they weren't profitable either. And Facebook, I remember buying Facebook in 2012 when it was at $33 a share. It went down to $10 a share. And here we are nine years later and Facebook is trading at over $350. So I think long-term, we could see Robinhood do well. Short-term, you can see the getting a lot of selling pressure currently at $36. We're watching CNBC right now and they're going back and forth. A lot of people think this is not a winner. A lot of analysts do not believe in Robinhood. How you doing Miranda? So it's going to be interesting to see what happens here but you can see Robinhood now at $35 is going down. We're watching Robinhood go down. And in my opinion, this is because they are not a profitable company. So when you see companies that are not profitable, typically you're going to see that they're going to trade down. Now there is a lot of millennials. There's a lot of younger investors that are invested that believe in Robinhood that are trading using the Robinhood platform. So I'm assuming that they're going to be the buyers of this stock, but so far when I look at all the analysts that are giving their opinion on CNBC about Robinhood, their opinions are not very good so far. Most of them believe that they have a future but it's too soon to tell because of the fact the company isn't profitable. So just wanted to come live and break the news. Robinhood IPO just launched under the symbol hood H-O-O-D on the NASDAQ. We're bringing it to you first, like we always do here on RichDB Live. I told you guys, we always bring in the winners and we bring them to you first. If you're not winning, you're probably not watching. I'm going to be coming to you a little bit later today. I'm going to be live with Seth DeCoscarella, the CEO of TAT Global Alternatives, another company who brought you first. But as you can see right now behind me, Robinhood is getting severe selling pressure, now down 6%. So if I'm an investor, I'm not going to be rushing to buy this stock. I'm watching on the sidelines. I want to see how low this goes. It's getting a lot of selling pressure, now down over 6%, currently at $35. It was trading over $40 pre-IPO. So very interesting to watch this sell off right now, currently at $35 and down 6%. Love to know your opinion on this. Are you guys looking to buy Robinhood? Are you getting into Robinhood? Are you currently a trader using the Robinhood platform? You can see there's a lot of selling pressure right now, currently down 7% and it just continues to fall. Yeah, big sell off so far. How you doing Amanda? And the question is where does it go from here? So currently down 7% and as a trader, I'm going to sit on the sidelines and I want to watch this and I want to see you will buy but not now. Okay, yeah, I'm definitely going to put it on my watches, put it on my radar. I'm watching this sell off right now and this doesn't give me an appetite to want to buy the stock. Obviously when you see something selling off, it reminds me of Facebook when Facebook came out and they sold off and they went from 33 down to 13. And like I said, now we see Facebook trading over 350. Miranda says I will wait. Yeah, I think that that's the smart thing to do. You can clearly see it's selling off. We're down over 7% and it looks as though we're about to go to $34. Currently at $35, holding on to $35, but it looks as though we're going to go to about $34 here pretty soon. When you see a stock heavily selling off, I think it's always important not to be behind that stock. It's never a good idea to chase a falling knife, right? That's one of the keys to investing. And you can see here Robinhood is clearly selling off right now. So as an investor, in my opinion, you should stay on the sidelines, watch it and try to identify the lowest possible price. This is obviously the first day of trading. So look, we're now down to $34. Incredible. So most of these analysts here all day have been talking about this and they do not have an appetite for Robinhood. Some of them think it'll do better than others, but most of them are saying they're gonna sit on the sidelines. Most of them are saying they're not interested in this pick and they don't have an appetite for this pick. I am not buying this right now, but I'm watching it and we are now down 8%. Wow, what a sell off. 9%. We're now down 9%. So this is happening quickly. This sell off is happening quickly. In my opinion, this is due to the fact this is not a profitable company and investors right now have an appetite for revenue generation, revenue growth, profitability because that's the market we're in and this is a company that's clearly not profitable, losing $1.4 billion. So not a profitable company and you can see they're down 9%. They're about to be down 10%. Hey, what's up my friend? I just wanted to bring you the news. Robinhood is doing its IPO today. You can see they're selling off down 9% right now. The new symbol is hood. Add H-O-O-D hood to your watch list, put it on your watch list, put it on your radar. I'm not suggesting anyone buys it. You can clearly see they are selling off quickly. Now down to $34 and down 9% and selling quickly is Robinhood. So we'll have to know your guys' opinions on this. I'm not a buyer. I'm on the sidelines watching this right now. I think this is a company that does have a good future. They've got 22 million customers, 80 billion under management, but the reality is they are not a profitable company and that's why we are watching them sell off. They're talking about it on CNBC. You can see they're currently down 8%. So they seem to be bouncing a little bit off of that $34 range. They were down almost 10%. Currently down 8% and at $34. So going to be interesting to see where this is going to go. The first day of trading for Robinhood, one of the biggest anticipated IPOs of 2021 and trading down. I mean, look at the chart. You can clearly see this is trading down. Look at this. You can clearly see them trading down. So this has been trading down from 40 all the way down to where we see them today at $34 down 9%. So I love your opinion on Robinhood. Are you a buyer of Robinhood? I know there's a lot of investors, 22 million investors in Robinhood. So I'm assuming that some of them will be buyers of this stock. You can see that they are trying to fight back to 35, currently down 8%. So at some point there may be a dip by opportunity, but I'm going to be sitting on the sidelines. Yeah, I mean, right now you can clearly see it's trending down currently 8%. So it was a lot of selling pressure right now with 22 million users. I obviously believe that is accelerated growth. 22 million users in five years is spectacular. 80 billion under management is very impressive, but the $1.4 billion loss is concerning. You're on the sidelines. Yeah, I'm going to be on the sidelines too for this. I like the business. I don't love their balance sheet. I like their growth. The growth is impressive. If the company can find a way to become profitable, which I believe in the future they should, we could see this go much higher. And it reminds me of Facebook when they came out, they weren't profitable. There was believers and there was detractors in Facebook. And I remember buying Facebook day one at $33 and then they went down to 13. A lot of people didn't think that Facebook would be a success. And here we are nine years later, Facebook actually IPOed in 2012 and I actually bought the IPO. And here we are in 2021 and Facebook's trading over $350. So Facebook's up 1,000% in nine years. The question is, where will Robinhood be in nine years? Obviously this is day one. They're getting selling pressure. In my opinion, due to the fact that they're not a profitable company right now, they did have 1.4 billion in losses with 500 million in revenue. So decent growth for a company it's only been around for five years with 22 million customers and 80 billion under management. But the reality is they are not a profitable company yet. And that's why I believe they're getting selling pressure. Left to know what you guys think. If you like these videos, please smash the like button, comment down below, share the video everywhere and subscribe if you're alive. What do you think about the new Robinhood IPO? I just wanted to bring you the news, break it to you first. They just launched. They're literally trading for the first time ever today on the NASDAQ under the symbol hood. That's right. They are under the symbol hood, brand new IPO for Robinhood on the NASDAQ under the symbol hood, H-O-O-D. What do you guys think? Now, one of the key characteristics about this is they have a very young membership. The average holder in Robinhood that is buying and selling on their platform is 31 years old. You're all set with hood? Cool, cool. So the average person that is using the Robinhood platform is 31 years old. I believe they were saying that the average person's account is about 4,500. When you compare that to Schwab where the average account is 25,000. So still a small platform only been around for five years, but brand new, brand new IPO, now on the NASDAQ, trading down right now. And I'd love to know your opinion on it. Is your board rich or wish to be live? We're bringing the winners, we're bringing the news, and we bring it to you first. What do you guys think about hood on the NASDAQ, Robinhood, 22 million users, however, they do have 1.4 billion in losses with only 500 million in revenue. So in my opinion, that's why we're watching Robinhood trade down. I'd love to know your guys opinion on this. Are you guys going to buy this stock? Are you interested in buying the stock? I'm currently sitting on the sidelines watching the story unfold. And if I do buy the stock, I will let you guys know. I'm very interested in it. I'm not thinking about buying them today, but I'm very interested in it. I'm gonna be watching them carefully. And I'm gonna be watching them quarter over quarter. And I wanna see their revenue grow. I wanna see this become a profitable opportunity, a profitable business. And if they become profitable, I think we could see them go much higher. I'd love to know your guys opinion. What do you guys think of this video? If you like the video, smash the like button. Comment down below, share the video everywhere, and subscribe if you're alive. Is your boy Rich? You wish to be live. We're bringing the winners, we're bringing the news, and we bring it to you first. I'm the first one on the planet right now talking about the brand new Robinhood IPO, symbol hood on the Nasdaq H-O-O-D. As you can see, trading on the Nasdaq just opened one of the biggest, most anticipated IPOs of 2021. You bought it at $38? Man, oh man. Well, my opinion is everyone should just wait, sit on the sidelines, and let's try to identify the patterns. Let's try to identify the bottom. Let's try to identify what the lowest possible entry will be because the reality is this is a brand new IPO, and we have absolutely no idea where it's going to trade because there's no history. Today's the first day of trading. We're in the first minutes of trading of the Robinhood IPO, symbol hood H-O-O-D. Currently, let's see where we're at. We should see the trading resume here pretty soon. Last time we looked, Robinhood was trading at $34. In fact, let me just grab my laptop. Pull up the level two on this bad boy. Let's pull up the level two on this bad boy. All right. And if you guys have an opinion on this, please comment on the video. Let me know what you guys think. Are you guys planning to buy Robinhood? And if so, at what price? Have you bought Robinhood? I'm sitting on the sidelines. I think this has a chance to be a huge opportunity. I think this has an opportunity to be a huge company, but right now they're not profitable. And that's in my opinion, why we're watching them sell off right now. What do you guys think? Love to hear your feedback. Love to get your opinion on Robinhood. Are you gonna buy this stock? Did you buy the stock? Are you thinking about getting into the stock? Are you currently using the Robinhood platform? The new symbol for Robinhood is hood H-O-O-D on the NASDAQ. We are literally the first ones talking about it, breaking the news. Hood is now public on the NASDAQ for the first time ever. Robinhood is now public and live on the NASDAQ under the symbol hood. Wow, look at this. They're dropping fast, guys. Robinhood now at $33.89 down 10%. This is my level two. This is my level two. So you can see here, Robinhood currently trading at $33.80 down 11%. So when people ask me why is it going down, this is not a profitable company. You can see here, Facebook also dropping. And it reminds me of Facebook because when Facebook did their IPO, they also dropped from $33 down to 13. I remember because I owned the stock. And nine years later, Facebook has become very profitable. Facebook has become a huge success story. One of the darlings on Wall Street. And we currently see Facebook trading at $358, now up 1,000% since its IPO day in 2012. The question is, where will Robinhood be in nine years? I could easily see Robinhood trading much higher in these levels. Maybe they 10X over the next nine or 10 years. But the reality is Robinhood is selling right now due to the fact that they're not a profitable company. Currently Robinhood trading at $34.30 down 9.7%. Love to know your guys' feedback. We see 25 people here, nine likes. Please guys, smash the like button, comment on the video, share your opinions. Are you going to be buying Robinhood? Do you like Robinhood? Do you think it's overpriced? Do you think it's underpriced? I wanna hear from you, the people. What do you think about Robinhood? Is this the type of stock you wanna get into? Do you like them in the future? I must remind you they are not profitable right now. This is not a profitable business right now. But I do believe that they have a future. The question is, how low will they go right now? The lowest they've been so far today is $33.35. The highest they've been is $40.22. Currently down 8.8% at $34.65. So they are bouncing from the low of $33. You're gonna let it go down, then you'll decide. Some of you are down already. Yep, well it did open up around 38, went to 40. Now it's down to 34.64. Been as low as $33.35. Been as low as 10% down. Currently down 8.7%. Thank you guys for your likes. Love to know your opinion on Robinhood. Symbolhood, now trading on the Nasdaq. What do you guys think? Are you buying this stock? Are you planning to get into this stock? Are you sitting on the sidelines? I'm currently sitting on the sidelines and I'd love to know what you guys think. Seems to be bouncing from the bottom now. Currently at $34.60. $34.73 now, down 8.5%. So looks as though some people are buying this dip. Oh, thank you Amanda. You'll buy Robinhood at $10. Wow, you think it goes to 10 bucks, eh? I don't know. I don't know if it goes to 10 bucks. Seems to be holding pretty strong here at 34. We're currently at $34.86, down 8.3%. $34.92. Looks like we might be pushing back to $35 here now. So looks to me like some investors are buying this dip. Now remember, there's 22 million investors using Robinhood. That's a lot of investors and you have to think that a lot of them are gonna buy this stock. So love to know, are you guys buying this stock? Are you thinking about buying this stock? Are you thinking about getting into Robinhood? Simbelhood, H-O-O-D on the NASDAQ and looks as though we're about to be back to 35 right now. Currently at 34 ninth back to 35. So we're back to 35. Wow, it's really bouncing around a lot. 35.15, down 7.6%. So looks as though people are buying the dip. We've been as low as $33 currently at 35. Looks to me like investors are buying the dip on Robinhood, Simbelhood, H-O-O-D on the NASDAQ. Left in your guys opinion. I'm sitting on the sidelines. I got a really busy day today. I just wanted to come live and give you guys an update on Robinhood, Simbelhood on the NASDAQ. Told you guys we bring in the winners and we bring them to you first. Stay tuned, I'll be back live later on. But looks as though Robinhood is starting to bounce back from the bottom. Currently at $35.37 and down 7% right now. So stay tuned. So you're a boy rich, you're a rich to be live. If you're not winning, you're not watching. We bring in the winners and we bring them to you first. I'll be back later on. Thank you guys for watching. You're a boy rich, you're a rich to be live. Robinhood IPO now live under the Simbelhood H-O-O-D in America on the NASDAQ. If you like the video, smash the like button. Comment down below. Share the video everywhere and subscribe if you're live. So you're a boy rich, you're a rich to be live. And I'm out. Peace.