⚠️Robinhood might COLLAPESE NEXT!⚠️

With FTX collapsing and Sam Bankman-Fried filing for bankruptcy people are concerned about a contagion effect that could push crypto assets significantly lower. The contagion could spread all the way to the traditional stock market though because there are multiple public companies who are heavily invested or have based their business model on the cryptocurrency market. One of these companies in danger of a contagion collapse in the traditional stock market is Robinhood. Robinhood has been hemorrhaging money according to this quarterly earnings report and you may not have known but Sam Bankman-Fried owns 7.6% of Robin hood's stock. If Sam Bankman-Fried has to liquidate all of his assets, he might end up selling Robinhood as well pushing it significantly lower and if Robinhood isn't able to handle the pressure they could also collapse. As they say, if it's not your keys then it's not your coins so you might want to be careful because your cryptocurrency could be in danger.