Robinhood Stock: Terrible Business Model Not Worth Investing In
LorenzoT81 Founded in 2013, Robinhood (NASDAQ:HOOD) is a financial services platform with a mission to democratize finance for all. The company was one of the first to introduce commission-free stock trading that could all be accessed from mobile devices, and has further expanded its product offerings from stocks to crypto & more recently, a cash card. Robinhood’s products can be split into four main categories: Investing Solutions, Robinhood Crypto, Robinhood Gold, and Cash Management. Investing Solutions allows customers to invest commission free in US-listed stocks, ETFs, options, and ADRs from their smartphones.