Compare Robinhood and eToro’s Q2 earnings reports -- the results are eye-opening.eToro is desperately spending on growth before its merger with Fintech Acquisition Corp. V.Using a simple valuation metric, eToro could be worth half the amount implied by the merger with Fintech Acquisition Corp. V at its current price of about $10.eToro’s earnings report resurfaces questions about the sustainability of its revenue, and conflicts with its own customers.
