Robinhood Stock Price Tumbles As Monthly Active Users Plunge
Robinhood's 10.8 million monthly active users are down from 11.8 million in the first quarter and more than 21 million during the meme-stock craze.
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Robinhood's 10.8 million monthly active users are down from 11.8 million in the first quarter and more than 21 million during the meme-stock craze.
Clients often chase attention-grabbing stocks and severely underperform the market due to active trading.
Facebook Shuts Robinhood Stock Traders Page Over 'Sexual Exploitation' Not GameStop 'Frenzy' Newsweek 1/29/2021 Jason Murdock © Justin Sullivan/Getty In this photo illustration, the Robinhood logo is displayed on an iPhone on December 17, 2020 in San Anselmo, California. A Facebook group dedicated to discussion of stock trading on the Robinhood app was suspended by the social media site on Wednesday amid a frenzy of investment activity that has shaken Wall Street markets this week. The community, called Robinhood Stock Traders, counted more than 150,000 users as members b...