Is Robinhood Stock a Buy Now?
If you still think of Robinhood (NASDAQ: HOOD) as a trading platform for the risky retail investor, you've been missing what's happening at the financial services company. Although retail investing is still its bread and butter, it has evolved into a large fintech company with a broad range of services.
Granted, risk-embracing traders might still be its core user base, but Robinhood has become impressively profitable and is leading the way in financial technology. Below, I'll dig a little deeper and see whether Robinhood stock is a buy today.
Robinhood made a splash when it debuted free online trades, attracting millions of users who could easily start trading online. The concept took off but got plenty of negative attention for what people saw as encouraging risky behavior. That culminated in the episode, when retail investors banded together to create a short squeeze in the shares of the ailing video game and electronics seller.
Source Fool.com
