Funding: $539 millionIndustry: Financial services, mobileThe Menlo Park-based Robinhood entered the crowded trading arena in 2013 with a mobile app that lets users buy and sell U.S. stocks and ETFs without any trading fees. The platform is especially attractive to less-wealthy millennials who are interested in investing but can't afford to spend $7 to $10 per trade with firms like E*trade or TD Ameritrade.
Over the past year, the company has grown to 6 million customers. It's raised a total of $539 million and is valued at nearly $6 billion. Though Robinhood's Bhatt has confirmed plans for an IPO, an exact date has not been released.
Hmmmm 🤔
They sell data tho...
There’s always a fee somewhere.
How safe is it from hackers? How safe is my private info? Are they sipc? How do they make money off me bc nothing is free in life?
Yah they only sell user data to wall street for $$$$!! Hence compromising all traders on RH! Epic scam