Big Short Steve Eisman Favors Schwab, Cites Robinhood's Lack Of 'Margin For Error' Amid Bitcoin-Led Crypto Slide - Charles Schwab (NYSE:SCHW)

The Crypto HeadwindSpeaking in his weekly market commentary, Eisman underscored the renewed “decline” in crypto prices as a major factor hurting platforms like Robinhood and Coinbase Global Inc. (NASDAQ:COIN) .He noted that a “not insignificant portion” of Robinhood’s customers invest in crypto, and this slump is directly impacting its performance. The company recently missed on earnings, revenue, and net new assets – all critical metrics.Eisman bluntly stated, “I doubt Robinhood will go up until at least c ...