Robinhoods stock is close to its all time low, it lost 75% of its value in a few months.
But why?
Bad reputation: Its main customer base is aware that Robinhood will screw them over if it profits them
Traditional stock market traders have already somehow moved away from Robinhood, due to them not acting in their best interest
Robinhood has captured beginner Crypto traders at the height of the bull market, but keeps losing them as they move to competitors who offer more features and are more trustworthy
(78% drop in downloads of the Robinhood app)
(40% of their active userbase has already left)
Because of Robinhood losing Crypto traders, even J.P. Morgan has warned from investing into Robinhood, saying that they are not even profitable while losing their customer base
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