and adjusted earnings of $0.21 per share. Robinhood CEO Vladimir Tenev joins Wealth! to discuss the trading platform's second quarter earnings and outlook for the second half of the year.
And August has been more of the same in August is typically a pretty quiet month for retail trading activity. On Monday, the majority of the incumbent brokerage competitors were having issues and those are opportunities for Robin Hood to distinguish ourselves because of our technology and kind of position the product as a reliable platform for people when, when so many others are having issues.
Those traders uh look at volatility as an opportunity because they have sophisticated strategies that they can employ when markets are going down and sideways um for the more buy and hold investors, uh typically they're saving for retirement and they have long term time horizons.One of the things we've been seeing thus far in August is more buying than selling.Uh Our customers generally have been seeing this as an opportunity to add to their positions.
And I think that really makes me optimistic about the opportunity and that we're just at the beginning of it.The Texas Rangers are heading to the White House on Thursday to meet President Joe Biden and celebrate their 2023 World Series victory, the first in the franchise's history. It’s a long-standing tradition for professional and collegiate championship teams to come to the White House and be recognized by the president.
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