Steve Eisman, the famed “Big Short” investor, favors Charles Schwab over Robinhood due to Robinhood’s significant exposure to the volatile cryptocurrency market and its high valuation. He warns that Robinhood has “no margin for error” given its struggles with declining crypto prices, which have impacted its earnings, revenue, and net new assets. Eisman also notes that Coinbase faces similar challenges, with its stock performance directly tied to the falling crypto market.
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Big Short Steve Eisman Favors Schwab, Cites Robinhood's Lack Of 'Margin For Error' Amid Bitcoin-Led Crypto Slide
Steve Eisman, the famed “Big Short” investor, favors Charles Schwab over Robinhood due to Robinhood’s significant exposure to the volatile cryptocurrency market and its high valuation. He warns that Robinhood has “no margin for error” given its struggles with declining crypto prices, which have impacted its earnings, revenue, and net new assets. Eisman also notes that Coinbase faces similar challenges, with its stock performance directly tied to the falling crypto market.