The “Robinhood Effect”: a look at Robinhood app data

Robinhood is a stock-trading mobile application that offers “zero commission” on trades. This zero-fee Silicon Valley startup caught the eye of many during the pandemic and was the highlight of talks on several media outlets, but not for good reasons.“In early May, Robinhood reported 3 million new account openings in the first four months of the year, half of which were for first-time investors”, reports Marker. App Ape’s MAU and Download data tell quite the same story:One could argue that the increase in app MAUs, especially in April and May, and this is when major indices such as Dow Jones and S&P 500 started to surge, have had some sort […]