I started a Robinhood account last spring and have done pretty well. I've doubled my money (not hard to do if you started last spring). No, I didn't buy a bunch of GameStop last week.
It won't be long until the SEC is all over it. Not only is it screwing with the hedge fund big boys, but the plebs can now play the market without having to pay a bunch of commissions.
Massatwoshits has already sued Robinhood for more or less making a game out of investing and failing to tell people they can lose money (pretty obvious that the nanny state doesn't think that the proles can handle investing on their own).
Wealth building (outside of just going to work and paying bills) by the hoi polloi in this country has always been frowned upon by the elite and I doubt Robinhood (or any of the other investing apps.) still exist, at least in their current state, by this time next year. Particularly with the current political climate.
