Robinhood has been in the headlines recently with the recent volatility in the market. Robinhood has been growing like crazy over the last few years but in the recent few months, it seems like every day we can get articles and each one varies greatly. Most of the news pertains to the recent pump and dump that happened with the Hertz corporation which was noted as “The troubling Saga of a Bankrupt Stock” (Forbes). There have also been allegations over it being too easy to trade with ever sine a recent trader took his life after losing close to $1M on the app.
Headlines are controversial around either the impact that Robinhood has made to the market and how they are making poor emotional decisions and losing their money to the articles that relate to its success and why it has opened the door to so many more people investing in the market.
This is also a very interesting topic since data for these claim are highly available. Articles like the one from Seeking Alpha show Graphs and data that resulted in the claims that Robhonhood investors artificially changed the market.
A new wave of investing and transparency is coming. As more people move to tools like Robinhood, more data will be available to reporters and journalists that want to talk about the issues surrounding investing instead of solely relying on stock market data and quarterly reports. This also ties in with Google Trend Data and Twitter Data but that’s for another day.
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