A feature on Robinhood’s new web platform raises questions about the strength of its user base
|03/21/2018||Posted by BusinessMediaguide.Com under General World News||
- Robinhood, the popular stock trading app which reportedly landed a $5.6 billion valuation recently, claims to have 4 million registered users.
- The company’s newly rolled out web platform, which features a suite of new features originally not available on its sleek smartphone app, is the latest new service from the company.
- But data showcased on the web platform also raises questions about the strength of its user base. Apple is the most popular stock, with around 141,000 owning the stock on the platform, according to the data. That represents just 3.5% of the platform’s 4 million registered users.
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