The Thing About Breakout Moments
Reflecting back on meme stock mania it’s clear that it was the breakout moment for FinTech darling Robinhood. Even after all their success to date this was different. They had 3M app downloads in January alone! Yet lost in the criticism of how they handled trading restrictions, the tense testimony on Capitol Hill, and all the rest of the noise is the reality that their breakout moment almost broke them. That’s the thing about breakout moments.