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I don't use Robinhood, I use a different broker, but I only use it on the web, not my mobile. Robinhood succeeds now in an industry where everyone offers free t
by notional 6y ago
I don't use Robinhood, I use a different broker, but I only use it on the web, not my mobile. Robinhood succeeds now in an industry where everyone offers free trades but their mobile app is more new-user friendly. I guess my point is that this data doesn't tell the whole story. People switching from Robinhood are necessarily going to the app version of another broker.
It also doesn't tell the whole story of people leaving, only people joining. I don't know, just seems like a really incomplete data set to make many judgements from.
However Robinhood customer base has also survived 2 consecutive leap years where their app malfunctioned on those leap days so I think it's fairly resilient.