· 个股论点
$HOOD 真正该做的产品创新，本来应该是尽快支持国际股票交易。 结果他们反而加码“预测市场” + “抽奖” + 一堆新烂币上架，让散户乱七八糟地亏钱。 他们还把零售用户输给了 $IBKR，而后者现在已经支持韩国股票交易了。 尤其是受到台湾、韩国、欧洲、日本等国际股票增长的推动。 结果，这个季度 IBKR 新账户数量创了历史新高（这是基于我自己的定性体验）。 我认为 $HOOD 这次财报不及预期，是因为他们搞错了自己真正该帮助散户做什么。 如果他们能让散户大量交易国际股票，赚更多交易费、更多保证金使用、更多平台留存现金和财富增长等等，这才是这个平台的基础。 即便数字资产下行，事情也许本可以更好。
Product innovation from $HOOD would have been enabling international stock trading ASAP. Instead they doubled down on "prediction markets" + "raffles" + new crapcoin listings where retail recklessly lose their money. They also lost retail to $IBKR that now enabled Korean stock trading. Especially due to international stock growth from Taiwah, Korea, Europe, Japan. As a result, we saw new IBKR accounts grow to an all time high this quarter (just from qualitative experiences). My opinion is $HOOD missed earnings since they lost track of what they should actually do to help out retail investors. If they had retail investors all spending tons of TX fees from int. Equities trading, likely more margin usage, fees, cash on platform, wealth appreciation, and so on, which is the basis of the platform. Maybe things would have gone better despite digital asset downturn.