So it has come to this.
The Watch Sex Paradise Onlinefate of Robinhood, a much-despised stock and cryptocurrency trading app, is inexorably tied to that of Dogecoin. Yes, the meme cryptocurrency frequently pumped by Elon Musk.
That's according to the company itself, which filed to go public on Thursday. In Robinhood's prospectus, published by the SEC, the company says that for the first three months of 2021, a decent chunk of its revenue came from cryptocurrency trading. And a significant portion of that action revolved around Dogecoin.
Robinhood says it's worried that this rocket could fizzle out before it hits the moon.
"If demand for transactions in Dogecoin declines and is not replaced by new demand for other cryptocurrencies available for trading on our platform, our business, financial condition and results of operations could be adversely affected," reads the prospectus.
Robinhood, of course, does not solely depend on cryptocurrency transactions. The company burst into the public consciousness with the rise of meme stocks, such as GameStop, and the Wall Street Bets subreddit.
Even so, according to the prospectus, cryptocurrencies provide a healthy chunk of the company's revenue — and that's largely thanks to Dogecoin.
"While we currently support a portfolio of seven cryptocurrencies for trading, for the three months ended March 31, 2021, 34% of our cryptocurrency transaction-based revenue was attributable to transactions in Dogecoin, as compared to 4% for the three months ended December 31, 2020."
SEE ALSO: Reddit is selling NFTs, and somehow they're already worth thousands
Other risk factors elucidated by Robinhood include potential cryptocurrency regulation and, if in the future, it allows customers to deposit or withdraw cryptocurrency (not just buy and sell it), a loss of customer funds due to expected hiccups like "typos."
Risk factors not specifically mentioned? Elon Musk's Saturday Night Liveperformances.
Topics Cryptocurrency
The Ultimate Guide to Protecting Your Identity in the Digital Age
We live in a parallel universe! Wow! Wait, what?
Here's what we know about 'Destiny 2'
This math question meant for 7
Whale Vomit Episode 5: Startup Monarchy
Here's what we know about 'Destiny 2'
How to bring humanity and tech together: Innovators and advocates on hope for the future
'Arrested Development' Season 5 is officially a go at Netflix
Study trains Port Jackson sharks to respond to jazz music
This balloon
Old School PC Gaming: Classic Games that Have Aged Well
Badass Dutch king has secretly been an airline pilot for 21 years
Valve is trying to stop fake games on Steam by targeting trading cards, of all things
Five Guys beat In
Useful or Little Known Android Features
Storm chaser proposes to his girlfriend in front of a tornado
Storm chaser proposes to his girlfriend in front of a tornado
Make your inner child happy by winning a box of all
Mary Shows Up
'Star Trek: Discovery' first photo is out of this world
Was the iPhone 7 just listed on Apple's website?Costa Rica hasn't burned any fossil fuels for electricity in two monthsRihanna fed the pigeons of New York City at 7 a.m. because why not?The gimmicky LG V20 is the first Android Nougat smartphoneTwo iconic Australian iceWarner Bros. asks Google to remove its own website due to copyright infringementCosta Rica hasn't burned any fossil fuels for electricity in two monthsBeyoncé celebrated her 35th birthday with a 'Soul Train' bashMartin Shkreli ordered to pay his 'League of Legends' team's coach $25,000ITT Tech is the latest casualty of the federal forObama nominates first MuslimStar Trek's computer voice might be coming to Siri'Kicks' shines light on Justin Tipping, who may be the next Ryan CooglerAriana Grande and Mac Miller declare their love with a leg hugHow to watch today's Apple iPhone 7 event on just about any deviceRead the jokes Ann Coulter turned down for Rob Lowe's RoastDodge will build a wide'Picnic at Hanging Rock' to be made into a spooky six part miniCollege football star deletes Twitter account after Mia Khalifa puts him on blast11 dip dye bridal gowns that will give you #weddingenvy Has Netflix found its own 'Game of Thrones' in 'The Witcher' saga? The power of Google for personalized job search results? Yes, please. First museum of U.S. writing puts a high Behold: Male romper already spotted in the wild Google's Project Tango finds a new home in the classroom What Gisele Bündchen just said about Tom Brady should bother every NFL fan Google Chrome will come to Daydream as a VR browser Review: ‘Prey’ is a tough game that asks tough questions Daniel Radcliffe and Owen Wilson are starring in a TV show that's just wacky enough to work Google's vision for AI is the right one Travis Scott broke a world record by performing a song 14 times and no one has any idea why Starbucks experiments with coffee ice and baristas say it makes drinks taste better 3 highs and 1 low from Jeff Kaplan's first year with 'Overwatch' Google unveils VR headsets that don't need smartphones Facebook hit with fine for 'misleading' EU about WhatsApp takeover There's another hacking attack right now, and it's making more money than WannaCry Steve Jobs wanted Jeff Goldblum to be the voice of Apple Hey, Siri, Google Assistant is coming to the iPhone Guy steals the mic and proposes to his girlfriend at his graduation 'Overwatch' celebrates its first birthday with an anniversary event
2.0109s , 8198.7265625 kb
Copyright © 2025 Powered by 【Watch Sex Paradise Online】,Unobstructed Information Network