Should You Forget Robinhood and Buy Webull Instead?
One has rebounded, but the other looks like the better buy.
Overview
Robinhood (NASDAQ: HOOD) is soaring as investors bet that prediction markets will meaningfully strengthen the online brokerage's revenue growth. Its revenue increased by 32% year over year in the second quarter, and event contract sales were up by more than 10 -fold.
Prediction markets are already a large part of Robinhood's business, but investors may want to focus on Webull (NASDAQ: BULL) instead. Once a failed SPAC (special purpose acquisition company), Webull is gaining meaningful market share in the fintech industry, and investors should keep it on their radars.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.