“A substantial portion of the recent growth in our net revenues earned from cryptocurrency transactions is attributable to transactions in Dogecoin” — Robinhood S-1
“If demand for transactions in Dogecoin declines and is not replaced by new demand for other cryptocurrencies available for trading on our platform, our business, financial condition and results of operations could be adversely affected”
For the three months ended March 31, 2021, 17% of our total revenue was derived from transaction-based revenues earned from cryptocurrency transactions, compared to 4% for the three months year ended December 31, 2020.
While we currently support a portfolio of seven cryptocurrencies for trading, for the three months ended March 31, 2021,34% of our cryptocurrency transaction-based revenue was attributable to transactions in Dogecoin, as compared to 4% for the three months ended December 31, 2020
As such, in addition to the factors impacting the broader cryptoeconomy described elsewhere in this section, RHC’s business may be adversely affected, and growth in our net revenue earned from cryptocurrency transactions may slow or decline,
if the markets for Dogecoin deteriorate or if the price of Dogecoin declines, including as a result of factors such as negative perceptions of Dogecoin or the increased availability of Dogecoin on other cryptocurrency trading platforms.”
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“Audi plans to switch to agency sales for its electric models in Europe starting in 2023.
Through this model, cars will be sold directly by the brand to end customers, with dealers acting only as intermediaries” — Auto News @elonmusk
"This is an important step for the human-centric orientation of our sales model and the next logical step into an electric future," an Audi spokesperson told Automotive News Europe in an email.
The spokesperson said, however, that dealers "remain the backbone" of Audi's business, adding that the change was being made to focus on the "rapidly changing" buying behavior of the brand's customers.