Wikipedia:Articles for deletion/Robinhood Markets
- The following discussion is an archived debate of the proposed deletion of the article below. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.
The result was keep. Yunshui 雲水 10:39, 16 January 2018 (UTC)
- Robinhood Markets (edit | talk | history | protect | delete | links | watch | logs | views) – (View log · Stats)
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Delete A run-of-the-mill financial services company with an app. References fail the criteria for establishing notability and rely almost exclusively on company provided data and information or quotations/interviews. There are no intellectually independent references. HighKing++ 14:49, 9 January 2018 (UTC)
- Note: This discussion has been included in the list of California-related deletion discussions. Everymorning (talk) 15:05, 9 January 2018 (UTC)
- Note: This discussion has been included in the list of Business-related deletion discussions. Everymorning (talk) 15:05, 9 January 2018 (UTC)
- Keep. There are plenty of major media coverage on this company from credible sources such as Bloomberg, TechCrunch, thestreet and more. WP:ORGCRITE In addition, it appears to be the only company right now offering free stock trades. It also passes a few of the Wiki qualifications: WP:ORGIND WP:CORPDEPTH Expertwikiguy (talk) 2:22 12 January 2018 (UTC)
- Keep per the significant coverage in multiple independent reliable sources.
- Morrissey, Janet (2017-02-18). "With No Frills and No Commissions, Robinhood App Takes On Big Brokerages". The New York Times. Retrieved 2018-01-15.
The article notes:
A start-up called Robinhood Markets is taking on the big brokerage firms with its commission-free trading app, and appears to be making headway. Since its introduction in December 2014, the app has attracted a million users and executed more than $30 billion in trades, up from $2 billion in 2015.
Despite the app’s hype and surging popularity, some industry experts question if the free-trades business model can survive, or if it will wind up joining other start-ups that have crashed and burned. The company currently makes money primarily from interest on customer cash balances.
At Robinhood, there is no minimum deposit to register an account, and there are no trading fees for customers who buy and sell United States-listed stocks and exchange-traded funds. To keep costs down, the company, in Palo Alto, Calif., takes a no-frills approach. It has no storefront offices. It does not provide research reports, analytical tools, stock screening gizmos or options trading on its platform.
- Roberts, Daniel (2015-03-12). "How Robinhood, an investing app, is luring stock-market newbies". Fortune. Archived from the original on 2018-01-15. Retrieved 2018-01-15.
The article notes:
Vlad Tenev and Baiju Bhatt are betting there’s a big, untapped market of millennials curious about buying stocks.
Their waiting list of more than 700,000 people would suggest they are right.
Tenev and Bhatt launched pick-up-and-go brokerage app Robinhood (no connection to the charity foundation of Paul Tudor Jones) late last year, and began with an invite-only beta. Word-of-mouth buzz built the app’s waitlist up to more than 700,000 people. Today, Robinhood has announced it is letting in everyone on the list, and its service will now be available without a wait. The company also suggested to Fortune that it has plans for an app catered to the Apple Watch. It has raised $16 million to date, from investors that include Index Ventures and Andreessen Horowitz.
Robinhood’s selling point is that it allows for quick buying and selling of stocks—for now, only U.S. stocks on the New York Stock Exchange and Nasdaq—with no commission per trade and no minimum balance required.
- Braithwaite, Tom (2017-07-28). "Free stock trading for millennials comes at a cost". Financial Times. Archived from the original on 2017-07-29. Retrieved 2018-01-15.
The article notes:
It was during the Occupy Wall Street movement of 2011 that Baiju Bhatt decided to democratise finance.
Today, as he wraps himself in a blue blanket against the chill of the air conditioning at the Palo Alto offices of his $1.3bn start-up, Mr Bhatt says Thomas Piketty’s study of wealth inequality also inspires his mission.
That explains the company’s name: Robinhood, whose last funding round in April sent its value above $1bn, crowning it as one of the newest “unicorns”. As for the means of social change? Free stock trading for millennials.
- McLannahan, Ben (2017-04-26). "Kushner venture fund helps turn Robinhood into a unicorn". Financial Times. Archived from the original on 2017-04-26. Retrieved 2017-04-26.
The article notes:
A venture fund run by Josh Kushner, brother of the son-in-law of US President Donald Trump, has joined a new funding round for Robinhood, afree stock-trading app that has forced a fierce price war in America’s online brokerage industry.
Robinhood said on Wednesday it had sealed a $110m Series C funding round that valued it at $1.3bn, putting it in the exclusive club of so-called unicorns worth more than nine figures.
The Palo Alto-based company, which offers commission-free trading for all US stocks and exchange traded funds, did not disclose a valuation at its last equity injection in early 2015.
...
Robinhood’s new funding round also features Yuri Milner, the Russian tech investor who runs DST, best known for its pre-IPO investments in companies including Facebook, Twitter, Groupon and Zynga. Existing investors Index Ventures, NEA and Ribbit Capital also participated in the round, which brings Robinhood’s total funding to date to $176m.
- Huang, Daniel (2015-01-06). "Young, Poor and Looking to Invest? Robinhood Is the App for That". The Wall Street Journal. Archived from the original on 2015-02-04. Retrieved 2018-01-15.
The article notes:
Robinhood, a Silicon Valley upstart, launched on Apple Inc.’s App Store in December and is courting young investors with as little as a few dollars to invest. The year-old company, based in Palo Alto, Calif., promises to let investors trade without a fee or commission.
Robinhood, which is backed by venture capital firm Andreessen Horowitz and celebrities Snoop Dogg and Jared Leto, has already invited roughly 150 thousand people to create an account. The company had over a half million prospective customers who signed up to be contacted about joining.
But beneath the buzz lurks questions about the company’s profit potential.
The company says it plans to make money through margin lending, a feature in which customers are charged for loans they take on to make trades. There’s also interest revenue, which the company will gather from the idle cash balances that customers put in their accounts.
- Long, Heather (2015-03-12). "New app offers free trading. Millennials jump in". CNN. Retrieved 2018-01-15.
The article notes:
You can now trade stocks for free.
As implausible as that sounds, the new Robinhood app allows you to trade stocks for no commission. That's a fat discount to the $7.99 or more that other online brokers such as E*Trade (ETFC) charge when you buy and sell stocks.
The app officially launched Thursday after having amassed a list of 800,000 people on a waitlist. It can be dowloaded for free on the iPhone (an Android version is in the works).
Besides offering free trading, the app also doesn't require a minimum balance to open an account. So someone could put in as little as $50 to $100 and start trading.
- Marte, Jonnelle (2016-08-11). "How to start investing if you have $100 or less". The Washington Post. Archived from the original on 2018-01-15. Retrieved 2018-01-15.
The article notes:
With the investing app Robinhood, customers can buy full shares of individual stocks and ETFs but they don’t receive any advice on which investments might be a good fit for them. Because investors are not buying fractional shares, the app requires users to have enough money to buy full shares of a stock or ETF. However, owning full shares also means having more direct exposure to individual companies. Take someone who wants to buy a share of Disney, which was recently trading at $96 a share. That investor will need at least $96 in their account to buy that share and the value of their investment would change directly with the price of the stock. So if that stock sinks to $80 a share, investors would lose $16 for every share they own.
It’s possible to use the app to build and manage a diversified portfolio using individual stocks. But investors who want that kind of diversification may need to have more cash to invest through Robinhood than they do through Acorns and Stash. Another option is to diversify by buying shares of an ETF, which already invest in a group of stocks or bonds. Robinhood customers don’t have to pay trading fees, but they are left on their own to decide which investments to buy.
- Morrissey, Janet (2017-02-18). "With No Frills and No Commissions, Robinhood App Takes On Big Brokerages". The New York Times. Retrieved 2018-01-15.
- The above discussion is preserved as an archive of the debate. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.