I don’t see how this is a meaningful number. Any company can go to the bank, get a 10% interest loan, and suddenly have a ton of cash on hand. Getting that loan doesn’t mean much for the company’s value.
Exactly, it would matter if it was actually from profits.
It doesn't necessarily "matter", but it is an interesting view on how investors view Robinhood. Essentially, they are saying you'd be better off taking that cash and just sitting on it than putting it in HOOD. As though it was an engine for wealth destruction.
That last sentence could apply to either the company or its users, really.
Are they necessarily sitting on it, vs. investing in other places?