Bitcoin Is Taking Over Stock Trading Apps!

Leif Abraham is the Co-Founder & CEO of Public.com. They are creating technology that makes building a multi-asset portfolio fast, secure, and frictionless. In this conversation, we talk about the shift in investing trends, bitcoin ETF, technology vs financial advisors, giving revenue back to users, and operating the business.

TIMESTAMPS:
0:00 – Intro
0:27 – Changes in investing trends
6:19 – Bitcoin ETF
9:13 – How to measure success
12:17 – Technology vs human side
15:39 – Giving revenue back to users
18:45 – Breaking down the business
22:22 – Hiring
25:33 – Fundraising
31:00 – Regulation
33:50 – Future outlook

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Yes the Bitcoin ETFs are up there in terms of some of the most popular ETFs but we still see more flows into Bitcoin directly generally speaking I think the ETF is very good for the industry it is a sign of maturity it’s a sign of that crypto as an asset class can mature

Having that layer around part of the crypto ecosystem I think is a very good thing for the crypto ecosystem itself as well all right guys bang bang uh I thought a great place to start this conversation would be around the changes in investing Trends right uh public.com

Is a very large business today uh you’ve got a huge user base the way they act today is very different than maybe investors were acting five years ago what are some of those trends that you’re seeing that have really allowed you to build such a big business yeah I

Think what you’ve seen in the in like the last call it five years is that realt investors have really gone through a lot of different Market cycles and because people are really learning by doing they had a lot of learning experience it usually take maybe a

Decade or a few decades to really go through right but if we really look back we launch in September of 2019 to be precise and at that point in time you had you know two something percent interest rates you know markets were doing its thing and then literally you

Know what is it you know five months later you had the co drop and the circuit breaker hits in the stock market multiple times within the day something that hasn’t happened in call it 100 years or so right and um and so uh that obviously was like one massive kind of

Learning moment and obviously that drove you know a lot of retail into the market they saw it as like an opportunity to kind of you know buy the bottom which a lot of them did as we’ve seen in our in our numbers and then obviously throughout covid right stock market was

The only Arena that was open Sports were off uh people wanted to have have some teams to be rallying behind those became you know stocks and companies that drove a lot of uh volume of of course and just there people being loan at home and stuff um and then suddenly you know you

Have interest rate changes happening and like each of these Cycles has I think asset classes attached to them and if you look throughout Co you had your Co stocks right you had you know your you know travel speculation you had work from home theme you know uh Health Care

Things like that then suddenly you know in 2022 um you know you went into a you went into um into a market where you know people were suddenly looking at you know crypto rallies and things like that I train one mean sorry um and then 2022 you know

Things were kind of like rejiggering people were flying back to things that felt more value again and that all happened within like three years you know interest rates started to rise again and suddenly things like bonds became interesting right like us treasuries like the six months tble was

The number one investment on the app last year for us like the number one asset you know which is something that was unheard of because Bonds were pretty much you know like non-existent for a decade plus and so I think seeing all this happening in such a compressed time

Frame was quite unprecedented and so people that entered the markets before like 2019 and then went through all that learning period have really changed their behavior literally on an annual basis and and that’s what we’ve seen like we’ve seen people that started out on like a chiino coin and now put you

Know serious money into us treasuries which is like to extreme ends of the spectrum right so now what do you think is driving that change right it’s very fascinating if somebody could buy kind of the the meme coin and then they can go buy us treasuries did they get

Smarter did they learn you know kind of more knowledge about the Legacy Financial world did they understand what they were doing when they were buying the meme coin it was just like you know loose monetary policy and meme coins go up or or what was really happening I think again people learn by

Doing and I think people um learned uh uh you know by seeing what’s happening as they as they are involved often say that investing is a forcing function for financial literacy where if you have skin in the game you will care as you care you will automatically be more

Attentive and educate yourself and read the news more properly and things like that and so I think people being invested I think is just generally a very good thing for society as a whole because people people are just get more involved in things they might have not been involved in otherwise because they

Have skill in the game and um and I think what happened within crypto specifically was crypto was the first asset class that was born retail so the first people that got rich on crypto were regular people it was not the big hedge fund managers or anything was

Regular people and that is a story that is obviously something that is a pretty attractive story to people and so and then the other end you had to think a lot of a lot like a lot of crypto have was just a lot of community that was

Built around it because of that and so you know people are look like people want to be part of something the same reason why you support a sports team and go to the game and hang out with your friends to have something to talk about I think that same happens in communities

Around anything else and you know that anything else can also be a cryptocurrency for example and I think that’s what you’ve seen with also especially these like community-driven coins like you know Sheba and Dodge and whatnot where people know pretty well that there’s you know no underlying

Function none of that really than the thing itself you know kind of like a piece of art to be honest you know and um uh and so from that point on I think you know people like that brought people into the markets and then as they entered the markets that’s when they

Started to educate themselves around you know how does yield really work you know what are the market structures you know when something goes up why does it go up you know um etc etc and then that brings them into other asset classes like stocks and then that brings them into

Other CL classes like you know bonds and treasures suddenly and so on but I think the question is like what pulls him into the market in the first place and but it’s an initiating kind of driver and I think what you’ve seen in specifically 2020 2021 was that crypto was for many

People at initiating drive there was the entry into the markets as a whole not just the crypto markets so how do you think about something like the Bitcoin ETF which you know some people would argue is going to pull interest away from the actual cryptocurrencies themselves and now people can just go

Buy this stock that gives you exposure to bitcoin and and maybe it’s the industry itself is maturing a little bit and kind of becoming more sophisticated as well but do you expect Capital flows to change or no the people who would use public uh or kind of some of these other

Brokerages like they are very much they want to own the coins they want to have direct exposure and the Bitcoin ETF is more for like Wall Street investors yeah and this is exactly what we’re seeing like what we’ve seen so far is that yes the Bitcoin ETFs are up

There in terms of some of the most popular ETFs you know as like so far at least and and um but we still see more flows into the into Bitcoin directly into the actual Bitcoin cryptocurrency and it’s interesting I don’t know if I can like describe exactly the thinking

There maybe it’s just also people getting kind of into it and maybe they just want to add to positions that are already there and things like that because there’s an obvious price difference between going directly into the cryptocurrency versus you know uh investing into the ETF um like guess you

Know be honest ETF is much cheaper um but uh what we’ve seen so far is really different Behavior there generally speaking I think the ETF is very good for the industry and to your point I think it is a sign of maturity it’s a sign of that you know crypto as an asset

Class can mature you know and so on and you know when I talked about this the other day I kind of you know got a few comments of like oh you know something like the government regulating crypto like that kind of goes against it I personally think you know there’s a few

Things I think there’s a difference between crypto the asset class and you know blockchain the call it like you know a ledger as a function for potentially being used as a financial system in some regards and those two are just very separate things and you know

One’s a technology we can use for many things we might want to build but the other one you know like the coin itself can be an S Class by itself and the ETF just kind of carves out that function of it and puts it into more markets and

Makes it more accessible to more you know people and Brokers and all that kind of stuff and so for that aspect right I would say it’s very very good that there’s also something that is that has a little of oversight that is more regulated because I personally think

That you know like the the the financial markets have matured over you know 100 plus years in the world and you know humans a lot of learnings and you know it can be easily like I think it’s too simple to just be very binary and be like regulation is good or bad depends

On what the regulation is and there’s a lot of things that’s you know I think are are baked into the financial markets that are quite good to also protect investors and so on and um having that layer around part of the crypto ecosystem I think is a very good thing

For the crypto ecosystem itself as well what’s fascinating in talking with you is already in just a few minutes we’ve talked about ETFs we’ve talked about meme coins we’ve talked about treasuries we talked about value investing we’ve talked about Bitcoin Etc right like you all have this like Bird’s eyee View and

Now it seems like the product that you’ve built has become the multi-asset platform where people can do everything from options to crypto to traditional Stock Investing to bonds Etc talk a little bit about maybe the philosophy of like what is the product ultimately that you’re trying to build and like how do

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Bonus on your crypto deposit today if you go and you deposit they’ll give you 100% bonus if you use promo code pomp 100 bet online the game starts here betonline.ag go check them out today yeah and so how we think about internally is from our business goal perspective we want to be people’s

Primary account and then for the user I think that means is that we very much believe that if you can manage all your assets in one place you will end up likely making better investing decisions because you can move money around different asset classes and different investing strategies uh within the same

Place and that holistic view that you can have yourself over your assets and your money um will you know will just make it easier for you to have you know a better understanding of it and you know potentially make smarter decisions for yourself and you know that falls

Into things like that we’ve done a lot of work to build we call internally the holding system it’s like basically like the tech layer that sits on top of everything there like a real-time you know Ledger basically which enables you know realtime money movements between all these asset classes and that means

You know I can you know sell like I can sell a US T right now and move that money directly into a cryptocurrency a few seconds later and like that type of you know uh uh technology sort to say like the the ability to move money around between different asset classes

And that kind of speed and so on um and just having that kind of you know direct overview of everything um I think can be just very powerful for people’s you know performal management of better wording but just like how they manage their money in general when you see kind of

This management idea Legacy investors uh the you know wealth transfer that’s supposedly coming that everyone keeps talking about for for the last decade um they had financial advisors they had you know I give it to someone else and I kind of like forget about it to a degree

Maybe I meet with them twice a year uh but that person they’ve got it they’re going to figure it out uh they’re going to go allocate 6040 you know Global portfolio and and really kind of go with the academic Theory or the people are using public talking to a financial

Adviser is that kind of getting kicked out of the industry or or are you kind of a workaround how do you look at the technology versus maybe the human side or the advisor side of a business like this yeah yeah I think the Spectrum was historically always thought about just

As either it’s as like either it’s it’s it’s active or passive and passive often meaning it’s being managed in theory if you have your money into like in an ETF it’s managed within that fund right so there’s a big part of it’s already you know sort of say the way we think about

It is that it’s just it’s not that binary it’s way more nuance and that spectrum is much wider and so internally we even talk about things like there’s guided investing there’s automated investing before things before something is even managed right and in that world I think you know folks are not either or

You know you want to have the ability to you know do a speculative options trade one day potentially even just because you think it’s fun or whatever you know and at the same time you want to have you know money in uh you know the NASDAQ

ETF and just let it sit and you know compound over decades and I think that Duality exists for most people really and um the other side of it I think is also I think a lot of people and that’s what we’re seeing obviously because we’re also an active platform you know

As a default but is that people do want to have some control over it themselves and that doesn’t mean that part of the portfolio might not like uh uh could be managed you know back to even an ETF technically is managed in some regards um but it just means that you know

People like the sense of that they have control and um I think the this notion of you completely give it to someone to manage and just like don’t look at it and move away I think it’s going to go away more and more especially also because what we’ve seen specifically

Throughout the last few years is that you know Financial education through social media and whatnot has so damn accelerated you know like when we launched like we launched T bus on the app um you know q1 last year and when we when we launched it we jumped on with

Reporters talk about it like we had you know really deep financial markets reporters that we had to explain how does the table work again you know like because it was so you know these are like Professionals in the space and just because it was so you know just like

Irrelevant for such a long time you know within the public Community you suddenly like it took a week and you had people talking about building uh uh building ladders for for the bonds you know basically you know meaning you know you build like a bond ladder so you you know

Kind of get cash flow through a certain period of time as maturity in like different maturity links and stuff like that and like that you know it went from like people borderline have not really thought about or heard about or understood how these things work to people talking deep strategies within

Like a week and I think that type of like rapid education in these like bite-sized formats is just what exists today which didn’t really exist 20 years ago and so that generation didn’t go through that and I think that just makes people also much more Comfort comfortable and confident that yeah they

Could potentially run power portfolio themselves you guys recently launched options and one of the interesting Parts is that you’re going to give 50% of the options Revenue back to the user obviously this gets into payment for order flow uh a lot of different platforms kind of how they think about

Their relationship to the user versus maybe other constituents that they work with why are you giving 50% of your Revenue back to the user and like how exactly does that work yeah so you might remember that um in 2021 we actually stopped participating in payment for auto flow on the equities trading side

Like in the regular stock uh uh trading and we did that for a few reasons number one um you know uh it’s it leads to Better Price execution for the user and just creates you know just like more transparency for people to know that like if you execute a train in public

You know public will do its best to make sure it executes at the best price and the other piece of it is that P for aut generally you know it incentivizes a company like us for that you know we want people suddenly to trade a lot etc

Etc and it kind of creates this like misaligned incentives between The Brokerage and the customer and you know that impacts things of how you think about product development and what features you do and you know things like life cycle Marketing in the app and all

That kind of stuff and it you know and so like just thinking of that like your your business model impacts your incentives which impacts how you design things and um when we launch options which was one of the most requested features we had kind of ever right um

The thing was we looked at again those Market structures and we were like okay in the market structures in options you actually cannot get rid of the market maker as long as you don’t necessarily become one yourself which is obviously quite a process to do that but you

Cannot get rid of them right and so payment for orderflow because market makers are so baked into that market structure you can’t really get rid of it now we were like so what is a more transparent way to align our incentives with ones of our users and kind of

Continue that thinking throughout also in the like you know also in the in the in the options markets and that was a sense of like okay what if we actually give part of the paylow revenue that you make on options trading and give it back to the user because it creates this

Transparency for them to really understand exactly how much money do we make uh on each trade that you’re making because you’re making the same amount you know exactly how much we’re making so cre some transparency therefore understanding like like and having Clarity of like what our incentives are

As a business in that moment you know and in options trading we make money on that and so therefore it’s like yeah someone who trades more we will make more money on that but it’s better for the user to understand and know that you know and have Clarity there and

Transparency than not and um and then generally speaking you know that just adds a little bit transparency just like the market structures as a whole right the stuff is super complex I literally just you know scratch the surface here like we could talk about the whole podcast about those Market structures there

Um but it is you know something that has been fairly intransparent that is important I think you know for people to understand so they understand incentives so they understand you know how things work and also if these things change in the future that they know what that

Means for you know their assets for the future as well when you think about building the business it’s a big business today right uh I don’t know how many employees Revenue like whatever numbers you could share that just kind of give people a sense of like how big

This business is and then maybe we can get into like the actual company building operational stuff that you’ve done to to get here yeah so we’re few million users um and again we launched um a little over four years ago so this is now our 50 year Market officially and

Um um and obviously you know how you can think about it is what you’ve seen throughout 20 and 21 was um a lot of user growth a lot of people went into the markets but also the behavior was I would say in most cases a little more speculative and what

You’ve seen throughout the last you know two years now roughly right or soon to be two years um is that that behavior has changed to be colored you know less speculative more fundamentals driven etc etc which also means people are actually moving way higher dollar amounts into

The markets and so like we’ve seen for example our like first deposit of people that sign up and deposit for the first time into the app that 20x throughout the last call it 18 20 months um and there you see that just like the the the behavior has

Drastically changed you know of those people and so on and that’s how you kind how you can kind of think about and so you know in these markets you see maybe less people creating new accounts but the people are coming in are way more uh um you know kind of like serious about

You know their investing uh as as they get started now as you’ve built the business um for years millions of users you’ve had a hire very quickly uh you’ve probably moved offices multiple times like there’s all these things that go into hyper growth how did you keep the

Culture an area where people wanted to come work here the people who were working there didn’t want to leave yeah um first I think tenure is a wrong thing to look at to be quite honest because um um you know U we have the board we have Jessica Neil who was

The chief 10 officer at Netflix and you know I personally love the the Netflix um you know employee handbook for example and just like this whole notion of a company is a sports team not a family and you know if you take the sports te analogy right the best player

Stay and it’s completely fine that you potentially have players on the team who you know will do a phenomenal job and will really fit into what the company is for a year or two or three and then they might not and that is completely okay and so I think tenure is generally the

Wrong thing to look at because it’s not necessarily a sign of success right there maybe certain people that shouldn’t work with you what we rather look at is the ratio between voluntary and involuntary churn of your employees so how many people that you want to be in your team are actually leaving your

Team versus how much are you in control of who’s at the team aka the people that you let go and generally speaking I think you know that if you are more in control of who’s on the team aka the ratio of people that you let go is

Actually higher than the people who are quitting themselves that I think means you have you know generally speaking a more healthy culture because culture is really just how you work in order to make the company successful you know and um you know and that’s you know those like pingpong tables and parties and

Whatnot um and so you know and so I think that’s that’s how we like rather like just like rather look at that right um yeah so spots the family how do you go about evaluating talent both as they’re coming in to work at the business and then also whether they are

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Fc.com I’m a big fan of the product and I even became an investor in the business fre.com go check them out today yeah and I think um our view on that developed over time like we had this moment where we raised a ton of money in

2021 we hired a bunch of people um team grew really damn quickly and um we reached this time where we were like okay now let’s like you know bring the experienced manager who comes from a little bit of a bigger Tech firm etc etc and then suddenly what

Turned out you had also people on the team who maybe you know rather have one-on ones with people than you know actually be deep in the work and what we’ve really I think learned for ourselves which kind of became a little principle at public now for management

Is like at public every manager is also an IC and you must have a love and an obsession for the craft and that falls into you know mic is really deep in figma fils with you know the direct IC designers right like literally yesterday I was really deep in like you know copy

Docks of some life cycle emails that we sending out and like stuff like that and I think you know everyone needs to be really deep in the work and has must have this like love and Obsession of The Craft because I think that’s really what everything kind of comes back down to

And I think there’s too many of these like management mindsets of like which leads to people wanting build armies and whatnot where they think their worth and the value to the company increases with you know the more budget they oversee the more people they oversee and whatnot

Versus the actual value they drive for the company and hiring should be a last result not the first option it should not be a strategic move for like we want to do this let’s hire someone to do that right hiring should be the last result of like we cannot figure out different

Way to do this therefore we now need to hire and um you know so on so like I think there’s really the sense of that the biggest thing we care about is people that are completely willing to get their hands dirty and you know think that is like and that’s what they get

Their joy out of right and so on and I think that culture just needs like that needs to be there at all times and I would say we we had a small moment where we lost that to be honest um and I think throughout the last 12 to 18 months

We’ve been trying to aggressively you know make sure that that’s truly what every single person he how do you think about fundraising you’ve fundraised in really good times and you’ve also I’m sure evaluated doing it in bad times as well uh how has that changed and maybe

What are some of the lessons that you’ve learned there always raise more money than you think you need because you don’t know what’s going to happen um that’s for sure like when we raised like the last time we raised was in 2021 was February 2021 so we’re still running on that money today

And at that point in time we raised $220 million which was nuts just let’s be honest eing bonkas right we were 40 people 45 people when we did that you know and also at the time with very little Revenue like we were in the middle of GameStop there a lot of

Momentum behind us right but we were 18 like less than like 15 months in market like super young product super small team and we raised a ton of money on that and at the time like I remember the first term sheet was for $100 million

And then we just like talked what and we were like should we make it 200 because seems like we can and to be honest it was one of the best best best decisions we’ve done um because our future would have looked very different if you would have

Raised half of that right and in that moment that money was just ridiculous 100 was just ridiculous so 200 was just stupid you know and um but it was one of the best decisions to be honest because we’re still running on that money today and it was you know uh like we could

Have predicted the future of how the Market’s going to contract and whatnot I think generally speaking what’s happening right now is very healthy uh I think what happens in the zero interest rates you know environments is that you know Yan and I had this term we talked

About of like the uh the Zer like the Z Zur so someone who you know in a Zer environment becomes becomes an entrepreneur because it’s easy and that is all washed out which ALS means you just have more Talent density you know and I think in these markets people get

Focused again on like what are we doing here we’re here to try to build a really healthy good business that ends up making money that is the number one purpose of a business um not all the other distracting things around it and I think you know in those Zer markets I

Think we also all like as an industry as a whole and everyone got very distracted to suddenly care about a bunch of things that maybe we shouldn’t have cared about as much and you know that fects company cultures that affects you know how you think about money that affects how

People build teams and whatnot and you know I honestly you know I entered the the workforce in like before 08 right and I moved to the US in 2008 and then suddenly you know I was you know the person in the job where around me everyone got fired and then you had 10

Years plus where a bunch of people entered the job market they did not have that experience and so I think having this moment right now is very very healthy for people perceptions of what’s the purpose of the business truly you know what un economics actually should

Look like etc etc and um you know that obviously means that valuations contract in the moment in time but they will expand well at some point again you know maybe not as crazy as 2021 multiples but you know prices go up prices go down and

You know we raised a lot of money in 2021 that a very healthy evaluation at the time you know and we’ll raise money again at some point likely and when we do we’ll see what the valuations at that point and that is totally okay right if anyone the stock market knows everything

Goes up and down and it’s better to be realistic on that than you know yeah you know try to get to crazy yeah you said that the business would be very different today if you had raised half or less than what you did raise what would be different like what where do

You think the business would be I think it’s two things right I think um um first off um there’s obviously company strategy would have been slight different in terms of how you deploy the capital because if you have less you deploy likely also a little less um so

That’s I think one thing um at least in the in the like in the you know like the the like 20 21 years now though on the other end it would have me it would have still meant we would have likely needed to raise money by now that would have

Been my assumption and you know that meant we would have needed to raise money likely exactly at the time where valuations would be crazy compressed and um you know and also and then in that moment I think you know you still have a business that runs the way it was run in

2021 early 2022 you know and how startups at random Venture Capital will operated at the time AKA you know likely less efficient than people operate right now um and it’s definitely true for us like we’re now running way more efficient than we’ve done in those years right and

Um and then you would have raed need to raise money at a time where you know everyone’s Minds already adjusted to the new market conditions but you didn’t actually have time for your business to adjust prly to that yet or to at least show the track record that you have you

Know and then you have to raise time the money at a time whether valuations contract so that combination I think is deadly right the combination of looking at how you run your business still being in the old world the new world having adjusted and valuations contracted I

Think that kills companies and so very very very lucky that we were in that position how do you think about uh regulation obviously you are in a highly regulated uh industry um there seems to be a lot of maybe gray area questions concerns at the things that are like the

Furthest out crypto uh maybe even royalties like these areas that are not really the mainstream Financial assets uh have a lot more regulatory questions than obviously a public stock on you know the New York Stock Exchange so how do you think about you know navigating that while also trying to innovate

Generally speaking I think there’s a lot of Regulation still behind right if you think of you know things that you know that you have to be accredited and how to become to and how you can become accredited in order to invest in for example private companies you know and

Things like that I think that is still outdated it needs to change to be quite honest um on the other hand you had some Innovation right so you know it’s now five years ago reg plus was introduced which is basically an ability to turn any type of asset into registered

Tradable security and that has been used to you know turn things like a piece of art or you know royalties and make that an investable asset class so you can buy and sell shares in right so we acquired a company a few years ago called Odus um

Which basically use reg class to do that and integrating that into the app where you know now on public you know there is even you can put you know you can buy a share in a bank SE or you can buy a share in the Shrek music royalties so

Anyone who watches you know Shrek movie you suddenly actually make cash flow on that right and actually the yield on that when we ipoed that was higher than most the most you know bonds out there and stuff and it’s completely uncorrelated to the financial markets because it’s you know based on content

Consumption you know not the financial markets and so and then the ability to add it to your portfolio etc etc and so like reg a plus for example thing was a good Innovation that actually came out the regulatory environment to enable these types of things so

You know expensive to to do it etc etc like as a company but generally I think we we we had some Innovation this good as well the Bitcoin BTF is another one right good that that happened um but I think there’s still a lot that needs to happen generally speaking like our name

Is obviously public and so we often think about it this way of like it’s on us to constitute like like it’s on us to Define what constitutes a public market and you know things like making music royalties actually tradable and accessible to anyone to participate in that as a CL

You know um uh is obviously you know kind of cool and a good Innovation I would say and I think you will see much more of that to have this like securitization of every of everything happen um but it will take still likely a decade Plus for you know that to

Triggle into more asset classes or into allet classes my last question for you is uh it is your job to understand where you’ve been where you are today but also where this entire industry is going what are maybe one or two things that you think are going to happen in the future

That either people aren’t thinking enough about or maybe things that everyone believes will happen and you’re like ah I’m not so convinced that that’s actually going to be where the world goes um first I think interest rates are going to stay higher longer than people expect right now um that’s a little

Macro take here but um yeah I mean generally speaking again like number one it’s the it’s the securitization of everything I think you’re going to see um more liquid markets around private Securities happen at some point I know kada just had to now close it down I

Think it was actually bad for the industry that you know they were kind of forced to do that you know despite the maybe questionable tactics that potentially were unveiled there but nevertheless I think it was actually bad for you know the private markets that kada suddenly closed down their efforts

To try to build you know like an exchange for private Securities I think that was kind of a stupid outcome for everyone to be honest um but I think that you know uh uh those are I think some of the you know more um um you know

Exciting things the other one sorry to be that but like AI I think is going to have a massive impact right like we launched Alpha on the app which like a research assistant which we basically you know which just like basically like like an llm that we um trained with

Earnings call data and analyst reports and you know just like historical fundamental data etc etc so now you can just swipe down on any stock and ask any question about the stock and it’s phenomenal how well that thing works and I think the next step there is obviously

For those tools to be personalized to our portfolios doesn’t necessarily mean that an AI will like trade for you um or you know if that’s good or bad but um but just the sense of that you know what’s like the impact that that AI can have on just like portfolio management

And giving you insights quickly around your folio I think it’s going to be awesome awesome awesome to see where can we send people to find you online or if they want to check out public get an account where can we send them yeah go to public.com to sign up and um

Obviously you can find me on Twitter at live Leif Thunder there’s a whole other story to that handle we can talk about that next time all right sounds good we’ll definitely do this again in the future cool awesome thanks for having me