Replies to post #608 on Robinhood Markets Inc (HOOD)

[bar1080]

When Hood went public at $38 I predicted that soon (a year or so) "Hood" players would be embarrassed to have the app on their phones.

Very early on, Robinhood players did well with MJ stocks. But it's been steadily downhill for most in recent years. RH marketing was often bogus using the lure of "Free Trades" plus good access to IPOs... which have mostly underperformed.

My son signed up for Robinhood in 2021 and got like $50 in complementary Dogecoins (now 6 cents each). I don't think he ever made a real stock buy with RH.

It's a huge problem when your customer base is going broke by way of your product.

Dogecoin Chart

[bar1080]

Using 'HOOD is like screaming "I'm flat broke" or "I just turned 17."

"The average account size is about $3,500, according to market news site Business of Apps, compared to $100,000 for E-Trade and $240,000 for Schwab."
https://www.forbes.com/advisor/investing/robinhood-ipo/

Stock platforms by FICO scores:
https://www.stilt.com/blog/2021/02/robinhood-low-fico-users-2021/

[SmellMyFinger]

Exaggeration. Could go lower, but zero is improbable.