Robinhood monthly active users fell to 17.3 million last quarter from 18.9 million in Q3.

Jan 27 49 Comments

They also reported a net loss of $423 million and $363 million in revenue. BTW, their IPO was at a $32B valuation.

Looks like the dropping stock price is actually justified.

Where are these users going? Cash App? Legacy trading platforms like Fidelity?

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TOP 49 Comments
  • They became bankrupt
    Jan 27 0
  • Nike
    eSIS31

    Go to company page Nike

    eSIS31
    It will be interesting to find out the average portfolio value of Robinhood users.
    I’m guessing Robinhood users aren’t very sticky and also don’t have large funds/big investments for long duration of time.
    Jan 27 12
  • Red Hat
    czntlo

    Go to company page Red Hat

    czntlo
    Vanguard, Fidelity, E*trade, etc
    Jan 27 0
  • Udemy
    UOhi82

    Go to company page Udemy

    UOhi82
    Stopped using them when they started delaying transfers from bank account. No reason for transfers and settlement to take 3-5days. I use Chase now and it's instant.
    Jan 27 7
    • JPMorgan Chase / Eng
      qRnc33

      Go to company page JPMorgan Chase Eng

      qRnc33
      Chase checking to chase brokerage account is instant.
      Jan 28
    • New
      ctjj40

      New

      ctjj40
      The transfers were never instant with Robinhood. They hid the delays by basically "loaning" your account the money until the transfer from the bank settled. Since you were buying stock with money that wasn't yours, the trading you were doing was handled differently. This contributed to the mess of issues when trading went wild during the GME phenomena, because Robinhood was hiding all the technicalities from what was really going on.

      That being said, the only time Chase and others can offer "instant" transfers is because is if you have a bank account with them and use THEIR stock brokerage service. Since the transfer is internal, it doesn't have to go through the bank clearinghouse which takes days. It's not Robinhood's fault for the delay.
      Jan 29
  • Amazon
    pipmedaddy

    Go to company page Amazon

    pipmedaddy
    Stimulus money ran out
    Jan 27 0