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Well, reading the TC article, we come away with: "Ditching fees has led to 80 percent of beta users being under the age of 30." And " Engagement looks promisi
by GrinningFool 12y ago
Well, reading the TC article, we come away with:
"Ditching fees has led to 80 percent of beta users being under the age of 30."
And " Engagement looks promising. Fifty percent of customers who’ve made a trade come back every day, and 90% come back every week."
But both of these are rendered meaningless by: "Robinhood is still in friends and family private beta"
That aside, if "coming back" means making additional trades... that lends support to the idea that that this kind of super-simplified trading encourages hasty trades that aren't thought out.
And of course, that's the choice of people making those trades - but it seems to me that it's going to lead to some bad publicity for robinhood not too far down the road.