Vlad just called Robinhood’s product a “Dark Horse.”:
https://t.co/3LAVuSGwsY
In finance, a dark horse is a investment that people underestimate—but unexpectedly becomes a major winner:
https://t.co/V9PnS54NG0
Never underestimate the Dark Horse
Vlad Tenev: Robinhood's credit card is a dark horse.
1M cardholders, $17B in annualized transaction volume, and it just crossed $100M in annualized revenue - faster than nearly any competitor.
"I don't know of a newer competitor that has issued more cards. Even the ones that have been in market with card offerings many, many years longer than us."
FT @Futurenvesting@vladtenev@RobinhoodApp.
Follow for more: @milkroaddaily