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Robinhood is facing criticism for its new credit card, which was created by acquiring a company with existing features and then altering the original product to require users to switch and pay a subscription fee. The company's move to operate its own credit card is seen as a strategic financial decision to stabilize revenue from trading. There are discussions about Robinhood potentially rolling out a competitor to Base and creating a more trader-friendly platform, including allowing short selling of common stock.
Do we think Fortune Recommends is truly editorially independent? Robinhood likely pays affiliates less than other credit cards… lower CaC gets passed on to consumers. The card sells itself, they don’t need it. do not trust @FortuneMagazine and their twisted logic. https://t.co/q8OjqW14az
If Robinhood can create a more active trader friendly platform (ie Robinhood Pro) and allow short selling of common stock, then it will be VERY hard to compete against them at that point. Food for thought. $HOOD @vladtenev
Operating its own credit card potentially gives Robinhood financial performance ballast against the more volatile revenue coming from stock, options and crypto trading. https://t.co/GeKhpyrWrq
