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18:19
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Originally posted by rheags:
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webull is a flash in the pan, consuming funds and making massive losses in the hope of growth. They are doing a SPAC merger currently which values them at around US$7b, which is rather ridiculous given the same announcement states they have only US$8.2b AUM. Selfwealth has A$10b AUM and is worth A$32m making the US$7b valuation just stupid. They say they have 4.3m funded accounts which means the average account size is a meagre US$2k.
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I just read this absolutely ridiculous comment from someone who hold shares in the company which is around as long as webull and still look at the difference in the quality and user review of the product app !!
(20min delay)