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Big Short Steve Eisman Favors Schwab, Cites Robinhood’s Lack Of ‘Margin For Error’ Amid Bitcoin-Led Crypto Slide

Big Short Steve Eisman Favors Schwab, Cites Robinhood’s Lack Of ‘Margin For Error’ Amid Bitcoin-Led Crypto Slide

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Famed ‘Big Short’ investor Steve Eisman has weighed in on the struggles facing fintech and crypto-exposed platforms, explicitly favoring Charles Schwab Corp. (NYSE:SCHW) over Robinhood Markets Inc. (NASDAQ:HOOD).

Eisman highlighted Robinhood’s lofty valuation and its significant exposure to the volatile cryptocurrency market, warning that the company has “no margin for error” given its current trajectory.

Speaking 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).

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