#234: Robinhood is Now Officially a Gambling App

Headlines were aflutter this week with news that Wall Street’s problematic cousin, Robinhood, will begin offering users the ability to gamble on the upcoming United States election. Mike and Anne Marie unpack the offering and what it means for Robinhood’s topline and “trustworthy” branding.Later on, Mike discusses Calloway Golf’s decision to spin off Top Golf. The acquisition was only completed in 2021 but the economics of chicken wings and corporate events have obviously lost their luster.Finally, Anne Marie dives into Snapchat and Reddit’s latest earnings calls to understand how their advertisement models differ and what their futures might hold.MyWallSt is extremely pleased to announce Nexus II.OG Nexus debuted last year and has trounced the S&P 500. Using a combination of state-of-the-art AI, screening, and real human intelligence to identify companies that, for the most part, are unheard of but have giant potential and strong momentumNexus II will debut in November but we have decided to cap membership to this exclusive club. To reserve your spot email us at [email protected] might even throw in a [email protected] a successful investor by checking out all the content MyWallSt has to offer:📩 Email us: [email protected]📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/🎉 Follow MyWallSt on social:🐦 Twitter: @MyWallStHQ💃 TikTok: @MyWallSt📸 Instagram: @MyWallSt🖥️ Facebook: @MyWallSt👔 LinkedIn: MyWallSt00:00 Intro 01:48 Masayoshi Son's Investment Blunders 03:57 Robinhood's Controversial Moves 11:08 Callaway's Topgolf Debacle 21:03 Future of Callaway and Topgolf 25:56 Snapchat’s Latest Earnings 33:19 Reddit's Impressive Growth 39:32 Snapchat's Stock-Based Compensation Issues Hosted on Acast. See acast.com/privacy for more information.