Better Buy: Robinhood Markets vs. Coinbase Global
Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN) were both once considered disruptive fintech companies. Robinhood challenged traditional brokerages with commission-free trades for stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. Coinbase emerged as one of the world's largest cryptocurrency exchanges.
But today, Robinhood trades more than 70% below its IPO price of $38 per share from last August. Coinbase, which started trading at $381 per share after its direct listing last April, now trades more than 80% below that price.
Let's see why these two fintech darlings were crushed, and if investors should consider either out-of-favor stock to be a turnaround play.
Source Fool.com
