Based in Menlo Park, California, Robinhood (HOOD) operates a platform for trading assets such as stocks, options, and cryptocurrencies. I am neutral on the stock. In 2020, the Robinhood platform was on fire as COVID-19 lockdowns forced people indoors, and people (unfortunately) treated stock trading like a video game. Then in 2021, meme-stock traders went on a buying spree, and Robinhood was, again, highly active with retail investors. Things are different in 2022, though. COVID-19 lockdowns aren't happening currently in the U.S. (though this could change as China grapples with its own outbreaks). Also, the meme-stock trade isn't in full effect like it was a year ago.
https://www.tipranks.com/news/article/robinhood-stock-shrinking-active-user-base-raises-concerns?utm_source=advfn.com&utm_medium=referral
Robinhood Markets (NASDAQ:HOOD)
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Robinhood Markets (NASDAQ:HOOD)
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