Robinhood

Added • Updated about a year ago

Added by Philipp • Updated about a year ago by Adam

Category: Site Status: Submission Year: 2013 Origin: Vladimir Tenev, Baiju Bhatt Region:

Type: Application,

Tags: stock trading, investing, wall street bets, individual investors, retail investors, yolo,

Top Gallery Images

WOW,YOUR BOYFRIEND SURE SOUNDS LIKE A P------------ THAT'S TOO BAD HA HA. ANYWAY DID YOU CLICK ON THE ROBINHOOD INVITE LINK YET JUST FILL OUT YOUR INFO AND THEN YOU AND ME CAN BOTH GET A FREE STOCK

I KNEW EXACTLYWHAT TO DO. ScoTT Search $4,546.75 -$11,239.25 (-71.20%) Past Year 1D 1W 1M 3M 1Y ALL BUT IN A MUCH MORE REAL SENSE SCOTT Se pier T HAD NO IDEA WHAT TO DO.

I LOST 13K THIS MONTH YOU SAVED 3K IN COMMISSIONS THANKS ROBINHOOD imgflip.com

litquidity @litcapital This Just In: Warren Buffett responds to the Robinhood day traders "f--- them kids" - Warren Buffett (6/11/20) @quidity 2:56 PM · Jun 11, 2020 · Twitter for iPhone

Trill Jackson @lm_On1 N----- put $75 in some stocks on Robinhood n swear they Jordan Belfort now 10:57 AM · Mar 25, 2020 · Twitter for iPhone

Nate Geraci @NateGeraci Robinhood traders can remain irrational longer than hedge funds can remain solvent. 6:03 PM Jun 10, 2020 · Twitter for iPhone

About • History • Features • Highlights •

About

Robinhood is a stock-trading platform operated by a financial services company of the same name. Introduced in 2013 and marketed towards millennials and beginner retail investors, the Robinhood app and website reached significant recognition online following the 2020 market crash and has been a popular subject of memes and discussions in the investment community.

History

On April 18th, 2013, entrepreneurs Vladimir Tenev and Baiji Bhatt co-founded Robinhood Markets Inc, a U.S.-based financial services company. That year, the company launched its titular product Robinhood, a stock-trading platform accessed via website^[1] and mobile apps for iOS and Android (screenshots shown below).^[2]^[3]

Q Search for stocks Home Notifications Account 77% O 22k Dunder Mifflin Inc Buy DMI $176.01 Shares +$7.07 (+0.70%) Today Market price $176.01 Estimated cost $0.00 9:41 AM REVIEW Dunder Mifflin Inc DMI er Mifflin Inc $176.01 $3,855.60 available DMI HOOD AAA CATS A +7.07 +0.07% Today 1W 1M 3M 1Y 5Y $176.01 $7.07 10.70% Today About DMI Show more 10 Most Popular 100 Most Popular E-Commerce Retail Shipping Manufacturing Internet Dunder Mifflin Inc provides its customers quality office and information technology products, furniture, printing values and the expertise required for making informed buying decisions. We provide our regional paper and office-supply distributor clients. 10 1W 1M 3M 1Y Stats Buy Open Price $168.92 Market Cap $732M Headquarters New York, New York СЕО Founded Employees 400 David Wallace 1949 52 Week High $386.99 52 Week Low $315.40 Volume Average Volume 3.21M 5.56M

Investing $4,158.94 ů Free Stock A $168.72 (4.23%) All Time LIVE 1D 1W 1M 3M 1Y ALL

Features

Similar to other stock brockers, Robinhood allows its users to trade stocks, ETFs, options and other types of financial instruments. The service is available both through Robinhood's website and its mobile apps.

Since launch, Robinhood offered zero comissions on stock and options trades. The advantage latet prompted other large stock brockers such as Charles Shwab, E*TRADE and TD Ameritrade to abolish comissions.^[4]

Highlights

Robinhood has been a popular subject of memes and discussions in the investment community, particularly in its major meme subreddit /r/WallStreetBets and on Twitter (examples shown below). In many examples, memes revolve around Robinhood traders being unexperienced yet sometimes lucky out on their trades.

RobinHood's Risk Management Department You think this is funny? r/WallStreetBets

litquidity @litcapital Robinhood investors after outperforming the boomer fund managers Timmy, 12 $250 AUM Post-BK Filing Equity Investing Guru Ex-DDTG Analyst Up 570% YTD AL @litquidity Kyle, 15 $1,200 AUM Legendary shitcoin trader Kevin, 10 ALL- $400 AUM Up 1,056% YTD on some yolo calls 3x WSB "Investor - Up 696% YTD of the Year" Is Warren Buffett overhyped? 6,969 views 9:47 PM · Jun 9, 2020 · Twitter for iPhone

Chris Bakke @ChrisJBakke Wow, Robinhood is really doubling down here. Great work from the marketing team. Robinhood a #YOLO "Be fearful when others are fearful and be greedy when others are greedy." - Bryan, UCLA freshman 941 9:07 PM · Jun 9, 2020 · Twitter Web App

Infinite Leverage

In late October 2019, Redditor /r/ControlTheNarrative discovered a loophole in Robinhood that allowed to increase his leverage indefinitely. After effectively raising his leverage 25:1, he bought Apple put options and lost nearly $45,000 in one day, posting a recording of himself watching his loss on /r/wallstreetbets. Upon seeing his major loss, /r/ControlTheNarrative uttered "Guh," with the exclamation becoming a major meme in the /r/WallStreetBets subreddit.

Suicide of Alexander Kearns

On June 13th, 2020, Twitter^[5] user Bill Brewster reported on the suicide of his cousin Alexander Kearns, a 20-year-old inexperienced trader who attempted trade options, who killed himself after seeing a $730,000 negative balance. Forbes^[6] speculated that Kearns might have attempted to trade what is known as "bull put spread," and didn't actually lose $730,000. Instead, Robinhood might have shown Kearns negative balance before the second leg of his trade was exercised.

In the following week, the story was covered by a large number of media outlets. On June 19th, Robinhood^[7] posted a founder letter, promising to implement changes in the app's eligibility criteria and its user interface.

Gamestop Stock Surge

Robinhood was a preferred app of /r/WallStreetBets users during the Gamestop Stock Surge, as a high volume of users on the app used it to trade Gamestop, AMC, and other /r/WSB-hyped stocks. The surges in the stocks led to Robinhood restricting trades on those stocks,^[8] leading to massive backlash towards the app.

Traffic

The app saw a spike in popularity in March 2020 due to the second leg of the 2020 stock market crash unfolding on March 9th, 2020. As of June 29th, 2020, Robinhood.com has been the 1,420s most popular website globally and 197th most popular in the United States. On Apple store, Robinhood app was the 5th most popular app in the Finance category and had over 1.8 million ratings. In the Play Store, the app had over 147,800 ratings.