The Crypto Headwind

Speaking in his weekly market commentary, Eisman underscored the renewed “decline” in crypto prices as a major factor hurting platforms like Robinhood and Coinbase Global Inc. (NASDAQ:COIN).

He noted that a “not insignificant portion” of Robinhood’s customers invest in crypto, and this slump is directly impacting its performance. The company recently missed on earnings, revenue, and net new assets – all critical metrics.

Eisman bluntly stated, “I doubt Robinhood will go up until at least crypto stabilizes.”

Valuation Disparity

A key point of contention for Eisman is Robinhood’s valuation compared to its established competitors.

This stark disparity means…

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