Seems it’s getting a bad rep among retail traders. Also I’m not sure how fast they are growing as some users might leave it in favor of other brokerages (webull, SoFi, cash app and others) after the big squeeze. Also not sure whether the payment for order flow business model is something that can stand some scrutiny. Any insight is appreciated.
I believe RH has peaked, there's nothing much they could can do from here on. Perhaps add support for a few new cryptos, but that's about it. Their USP which was zero-commision trading has been adopted by many other, more stabilized trading platforms.
ICF Next?
Yeah they are not exactly doing anything unique now. Webull is very aggressively campaigning for growth by offering more free stocks and rewards for account transfer. Also this is not the case for a social network where the network effect can result in strong user retention..
It’s a shit company used by people who have no clue about investing to blow their money on meme stocks. I’d buy $1000 GME calls before Robinhood. They have no competitive advantage over any other brokerage besides seeming cool (but working like crap).
The truth is they don’t work like crap, they work in a way that basically collects peanuts from their users and feed some of them to the Wall Street.
@AT&T don’t take it personally, but you have no idea what you’re talking about. I can see the data on our users, you can’t.
Can’t share any numbers but after the GME thing we were #1 of the App Store for several days, this means a lot of people were downloading our apps and creating accounts. This article shows the % of users amongst brokers: https://qz.com/1971633/robinhood-pre-ipo-secondary-shares-signal-40-billion-valuation/
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Never buy ipo wait for dip just see doordash Uber ❄️
I meant any time after IPO, not necessarily immediately after.