FUTU Futu Holdings Ltd - ADR

$FUTU What a screwed-up market. There is nothing wrong with this company that share sellers at this rudiculously low price level couldn't fix -- by getting their heads outta their asses, and NOT selling! # # Q: Since 8/26 FUTU holdings stock has gone from $128 per share to $113. Calculate: how much revenue and net income has FUTU made in that time? ChatGpt: "So, while FUTU's stock fell from roughly $128 to $113, the company itself likely generated approximately $163 million of revenue and $96 million of net income during those 16 days, assuming Q2's earnings rate continued. That's an important way to look at the selloff: Stock price: −11.7% Business activity over the same period: roughly $163M additional revenue / $96M additional profit. And that's based on reported Q2 economics, not an optimistic future projection. Q2 net income itself was up 41.6% year over year."

Moomoo, the trading platform owned by Nasdaq-listed Futu Holdings, is introducing real-time account deposits through Apple Pay and Google Pay in partnership with Visa and Checkout. com The new feature will allow users to fund their accounts 24/7 using an eligible debit card linked to a digital wallet, eliminating the need to rely on bank transfers limited to business hours. Deposited funds can be used to trade stocks, cryptocurrencies, ETFs, options and event contracts, subject to regional availability and regulatory requirements. The service runs on Visa’s payment network and Checkout. com’s infrastructure. Moomoo U.S. CEO Neil McDonald said investors increasingly expect the same speed and convenience from investment platforms that they experience with other digital financial services. The move comes as retail brokers compete to keep customers engaged outside traditional market hours. $FUTU $V $GOOGL $AAPL