Robinhood’s Stock Has Plunged and Its Traders Are Leaving | WSJ What Went Wrong 

Love how they completely omit how Robinhood trade restricted meme stocks from retail investors to protect big hedge funds that shorted them.

The bad PR from how they handled meme stocks killed them. Removing the buy button was illegal and they should go under for it

So no mention about Robinhood trade restricted meme stocks from retail investors to protect big hedge funds that shorted them at all? WSJ is becoming a joke.

You guys not talking about the stop on buying meme stock from Robinhood just makes the whole video stink.

After what they did with the meme stocks, i immediately sold and withdrew all my money from their service. They couldn’t be trusted.

Maybe don't screw your clients by freezing their accounts and licking the boots of equity fund managers.

You forgot to mention Robin hood temporarily halted the buying of gamestop, AMC, etc and only allowed them to be sold. Effectively assisting Citadel with their short

What happened was that it called itself Robin Hood but when push came to shove became Reverse Robin Hood, blocking retail investors from cashing in on the meme stock short squeeze to protect hedge funds. It's very satisfying to see the company get a big middle finger from its customers.

Wish they still showed the dislike count... I'm sure many have disliked the video for them failing to acknowledge Robinhood's trade restrictions on meme stocks. Under no circumstances should a broker do that They simply protected the hedge funds Edit: Thanks a lot for keeping the count guys, let's see if it keeps on rising until they acknowledge :D

Robinhood founder & executives should be ashamed of themselves for helping Hedge funds & other Stakeholders when it was all fair & game during the Gamestop stocks crisis. I hope they fail

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GameStop and AMC caught the eye of regulators you say? It sure did LOL

They lost a huge swath of users due to loss of confidence after they froze accounts to protect their larger firms.

I'll tell you what happened. They stabbed their core customer base in the back and tried to help the billionaires.

Now with the recent economy, To get financial freedom you have to be making money while you're asleep

The comments here about Robinhood restricting meme stock trading are ridiculous - Robinhood uses a 3rd party clearing firm that has specific margin requirements. When the stock prices rapidly fluctuated, trading had to stop for those margin requirements to be met. Robinhood lost a ton of money from this.

Robinhood removed the buy button.. that’s what happened to Robinhood

Loss of trust is number one, lots of competitors like WeBull, FTX and M1. Established competitors like TD implementing more features. And now the market is in a downturn for the first time for many of the novices that started on Robinhood. TLDR: Loss of trust, competition, and a down market for novice investors; their primary clients.

A little bit of a travesty of the truth from WSJ who forgot to mention Robinhood at some point did forbid users to buy those shares and tried to force them to sell under the pressure of large investment banks. One can only assume WSJ does not want to cut its bridges with those investment banks.

Not a single word about the GameStop disaster

You missed the main reason investors turned away. The Comments section speaks the truth.

That IPO image of the two founders was all you needed to know they didn’t have the depth to understand this business. They cast themselves as saviors of the little guy, but their hubris actually doomed them.

So it is shame for them for benefiting on small pennies from transactions but when banks benefit the same way from card transactions is perfectly fine. How hypocritical is that

Well that was a disappointing, misleading video … come on WSJ, I expect more from your journalism. What a shame. We all know the real reason why they fell… not telling the full story of what went wrong is unacceptable. Clearly I’m not the only person who feels this way…

Bc they choose investors over its customers

They ripped me off on big trades on multiple occasions, and made me relook at all my fairytales

The way they handled meme stocks and how they seemed to walk away from the small trader to the side of big traders was the tipping point . I lost $10k on their stock

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

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It wasn’t only Robinhood. A lot of others brokerages got involved in halting the trades.

Hey Robin Hood is a great trading app old money is just trying to scare new money I wouldn't pay any attention to this video honestly

The CFO looks like he's 17

Trading on robinhood is like entering a Moto GP with a Ford Focus.

WSJ made a 7 minute video about what went wrong WITHOUT SAYING A THING ABOUT THE ACTUAL REASON IT WENT WRONG

They didn't charge a fee, they just gave you a worse buy/sell price and made much more money from that. I hope they'll get busted for that too.

What a relief! The regular person isn't allowed to participate in The Rich Man's gambling! That would be absurd!

Did anyone catch that Fidelity National Financial is not the same as Fidelity Investments? Fidelity Investments is a non-public company and doesn't have a stock chart. Nice reporting WSJ.

They still around? I stopped paying attention when they blocked people from buying GameStop stocks.

I've been investing in stocks for 15 years, all these comments about Robinhood freezing buying to save hedge funds show why people should actually learn about the stock market before complaining about how it works. This isn't some grand conspiracy. Look up the Depository Trust & Clearing Corporation and its role in settling transactions. It feels like Robinhood and similar apps gave teenagers a bunch of fireworks and said, "here you go, have fun" without actually explaining that pointing them at your own face is a bad idea.

Why omit one of the important point which is turning on their own user base when making a business report?

THIS VIDEO IS NOT CORRECT! ALL BROKERS MARKUP THE PRICE OF A STOCK/BOND!!! THAT'S HOW THEY MAKE MONEY!!! YOU NEVER GET THE EXACT PRICE YOU SEE IN A "PRICE qUOTE". TO LOCK IN A PRICE YOU USE A "LIMITED ORDER" WHICH IS THE PRICE YOUR WILLING TO PAY.

Credits to Jon Stewart for raising awareness on this issue.

This report failed to mention the major reason why retail traders left which was the halting of trading on games top and others. It just felt shady not to mention the explanation robinhood gave was boguss and nebulous. To conclude they lost confidence and trust

👍 glad to hear it, I've had shorts open for a year :)

With all due respect at least with Robinhood, you actually buy actual stock of a company, rather than what we have in the UK, like Etoro and all the other CFT's businesses whereby your betting on a stock to rise or fall. And all nonsenses that go along with that.

Uhhhhhhh it was hit hard because retail investor's pulled out from their app because of the crime they were apart of. Simple as that

2 things killed it. 1) Restricted trade of meme stocks to protect hedge funds. 2) No Roth IRAs. No one is going to want to seriously trade on your platform without those. I didnt have time to wait while they maybe catch up.

you have just described frontrunning by HFTs such as Citadel, which (once the regulators catch up) should be illegal.

Robinhood is the truth plain and simple.

I applied to Robinhood months ago and got a no reply a few weeks ago. I'm glad I didn't work for this company.

I thought it was because robinhood stopped trading with GameStop and other meme stocks? The people lost trust in them.

This goes along the way with how lot of news outlets now a days works on creating news than delivering the news, lot of this is not specific to Robinhood if you put all trading firms under the microscope.

My Robinhood account has been review for three months by now.They don't allow me sell or deposit or do anything and they didn't give me any reason for this.Are you have same problem?

Real simple, Robinhood not know better than any other trading brokers. They paused the memes trading midday. Customers did like that plus their customers service is very poor.

Its fall began after it halted trade on meme stocks! It started to work for its wall street masters rather than the small retailer

Great commentary from Gunjan but sub-par audio quality on her shots (and not great video quality inn the same shots either)

I keep clicking these videos only to later realize it’s from WSJ and be disappointed by a joke of a journalism. Never again.

All those meme stocks Robinhood popularized, are killing market makers causing high slippage and volatility to it and other stocks. While at the same time, in reality, being a net zero sum game at best.

I had a regular account and they charged me $55 dollars twice at the end of the year. No one's talking about this. I only caught it because I check my bank account on a regular. It happened in January of this year.

Responsible investing does not involve frequent trades for the average investor. So I wouldn’t trust any company which generates revenue solely off of trading volume. The size of the trade doesn’t matter, since they are just profiting off minor timing differences in the price. Basically, they make money by micro-scamming unsophisticated investors who would make more frequent, smaller trades than an institutional investor.

Retail Traders are not #Robinhood customers, Citadel is. Your trades, info, and data is the PRODUCT sold to #Citadel There's a reason they're one of the richest companies in the world. AI learns from your behavior and trades against some orders they process. This is one of the biggest rackets in our economy, the corruption is in full display.

I left when they turned off the BUY button on GME.

So no mentioning of how trades made via Robinhood was never really connected with the market?

They did not mention how they froze the trading of GME , teamed up with shitadel and screwed their customers over ..

Totally cool with P2OF if it is within reason. But freezing trading when there is a conflict of interest is no good.

Once Fidelity started changing their UI to be more like Robinhood. I haven’t gone back to Robinhood since.

Serious financial pundits know exactly why Robinhood is struggling. Hard to explain to lay people--the Nottingham Effect.

All of a sudden, everyone knows Genslers' name

they made investing as easy as playing a video game. Investing should not be that easy.... that is how people lose their life savings. Rather than taking time to do research on what they should invest in and actually THINK about it they just push buttons on a screen like a carnival side show.

At 6:45, is Fidelity National Financial the same as Fidelity Investments ? hey seem unrelated and Fidelity Investments is private as far as I know.

It went how many IPOs go. I had some extra cash and put it in Robinhood stock at its low, and I am still in the green even after this past week's beating. I'm neither bullish nor a bear on it, and I completely understand why it is an easy company to talk bad about. Who knows, maybe I'll get lucky and another company will buy it before it drops down to my take my gains and go minimum percentage.

They need to get rid of the pattern day restriction.

Americans after seeing this. Is there a thing called limit orders??😂🤣

Robinhood introduced me to trading. But the company gives in to every political circumstance. They should have kept their information giving to a minimum because ultimately they gave their customers information and it was used against it's traders basically bankrupting them. I like Robinhood but the love isn't there. We should be able to trade with who and where we want to trade but many platforms have shown that we do not live in a free world. There is no freedom of speech, there is no freedom period or justice as we are robbed of these freedoms by their political biases. We never said we agreed.

Can I break it to you gently that "one" is a singular noun? One in four shares is this, that, or the other thing. The other three aren't. Get it? It's not hard if you just try thinking.

It's interesting how NFTs have picked up the ball on this without needing Wall Street.

Can’t download in excel, can’t find out realize / unrealized win loss. Secretly steal money from trader since you can’t check

Anyone else notice that their CFO looks like Brad from The Middle?

Platforms are based on trust. If that is lost... there is no value. I loved their interface and their convenience. I was disappointed with them selling info on retail investors .After gamestop I was done. I understand the founders were under pressure from their investors. Your customers are more important than your investors. Couldve been something great if they thought long term. Democratizing investment grade assets. Not milking retail investors.

It's simple : They sided with big hedge funds against retail traders and investors and people found out about those rats in Gamestop case. So They better go bankrupt

I'm done sitting tight for the award advance since i acquire $23,000 every 12 days of my investment.

This is what I don't understand about the younger generation who flocked the things that just seems like it's revolutionary but back by the same people they trying to get away from. Nothing happens in America without the old Banks permission. Robinhood was back by those same Banks, same training firms, that the younger generation was getting away from. Money flows, an old money flows the swiftest and the deepest. And when it comes to Wall Street and trading the older the money the more power you have. That's how Robin Hood could stop the buying and selling of those stocks. Because the old money said turn it off and they did. Wall Street is a scam. Robinhood proved that to you. All the people that you admire are all part of an oligarchy and they all have shares in each other's company. They're going to allow each other companies to thrive but if those companies allow the everyday average person to thrive. Then we turn it off.

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What went wrong is the app sucks and there are plenty of better options now.

THE BIG LIE at the heart of this is 3:30. Robinhood was not so so easy to use. It literally blocked people from making trades that it didn’t like. Shame on you WSJ. If this sort of “journalism” continues I will forever leave your platforms.

Dear Tenev and broom head, You should have been banned and hit with a class action lawsuits when you freeze again the sell button on the SNL night featuring musk.

The name Robin hood doesn't make sense anymore, maybe should rebrand to Sheriff of Nottingham

The only crime here is that I can’t short it on FTMO. 😭

This video now makes me wonder if the other WSJ videos that covered subjects that I didn't know too well about were also just feeding me fluff. How can you not mention the biggest factor, which is that they lost the trust of their users in January 2021.

I was going to sign up for robinhood till the game stop scandal. Then I lost all faith in them.

I feel like they manipulated the Doge hype as well

naming it robinhood was wrong. wsj should have suggested the name "robbing who?"

Good for the people, good for the market.

They turned their back in their very own customers and walked away

Ouch. The celebration just quietly ended. Without this news i wont even remember robinhood. They were everywhere 2020-2021

After the GME fiasco where they froze trading, this platform deserves to get buried

Can't you see after Robinhood steeped up the elites stepped it down....sheesh....¡!!!!!!!!¡

I hope they go completely bankrupt in the slowest most painful way possible. A Terrible company in every aspect of the word.

Last year I sold a substantial proportion of my stock portfolio and also sold some real estate so I could diversify into crypto. I am very happy that I made the move. The stock market has been hit pretty hard. Never put all your eggs in one basket, unless you want busted eggs

I really don't have a problem with this if I can invest/trade for free. I think Moo Moo suck and if you don't think WeBull is doing some B.S. you're delusional.