Tag: OnlineBrokerage
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Revenue Mirages: When to Ditch an Ephemeral Revenue Line
Last week, Lyft reported their second quarter earnings, and the release contained an interesting nugget about their future pricing plans. As per TechCrunch: Lyft’s revenue per rider decreased almost 5% quarter-over-quarter, while the number of active riders increased in the second quarter to 21,487 riders, up from 19,552 in the first quarter. Lyft appears to…
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The Speculation Game: Industries at the Intersection of Risk and Culture
I do not count myself as a college basketball fan. In fact, I probably could not name a single player on a men’s NCAA team today. Yet, like approximately 80 million other people, I completed a bracket before the March Madness tournament kicked off last Thursday. The NCAA Division I men’s basketball tournament forms a…
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Investment Tribes and the Rise of Social Trading
Investing is inherently social. Why is that the case? Well, let’s start by asking the question: What is a security? When it comes to the general applicability of the federal securities laws in the United States, the definition is quite simple. A security is: These are the four prongs of the famous ‘Howey Test’, a…
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Online Brokerage Goes Crypto: How the Past Informs the Future of Regulated Crypto Trading in Canada
[Update: This post was originally written on November 1st, ten days before FTX filed for bankruptcy. Subsequent to the fallout, the Canadian Securities Administrators (CSA) strengthened its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada. This included strong words for unregistered trading platforms (including those located outside…
Paper & Blocks 