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fintechs used to compete on who charged the least.
now they compete on who stays open the longest and settles the fastest.
robinhood chain is playing the newer game.
$BABA earnings are out:
➢ revenue $39.6B, +9% YoY
➢ net income down 76%
looks like a purposeful drop - profits pouring into AI as cloud growth just hit 45%.
thoughts?