Better Buy: Robinhood vs. Coinbase
Robinhood Markets (NASDAQ: HOOD) and Coinbase Global (NASDAQ: COIN) have a lot in common. The two trading hubs both went public around the same time last year, benefiting from the boom in stock and crypto trading early in the pandemic. Both stocks did well initially in their debuts, but over the following months, they've fallen sharply by more than 80% from their peaks. The businesses have stalled as well, as both companies have announced layoffs in recent months as they bet too aggressively that the trading boom would last, and each one reported year-over-year revenue declines in the first quarter.
Still, that doesn't mean these stocks are finished. Each one is still the leading disruptor in its respective business. Let's take a closer look at what Robinhood and Coinbase have to offer today to determine which one is the better buy.
Jeremy Bowman (Robinhood): Robinhood has suffered a barrage of attacks in recent years from both the general investing public and its own users. Some believe the brokerage has gamified stock trading and made it too easy for novices to lose money on options trading or other sophisticated strategies.
Source Fool.com
