Robinhood Markets, Inc. (HOOD) - Investment Thesis
Robinhood Markets, Inc. (NASDAQ: HOOD) is a financial services company founded in 2013 by Vladimir Tenev and Baiju Bhatt, with the mission to democratize finance for all. The company offers a commission-free trading platform that allows users to invest in stocks, ETFs, options, and cryptocurrencies. Robinhood went public in July 2021 and has since expanded its user base significantly, boasting approximately 24 million funded accounts as of November 2024. In recent years, Robinhood has diversified its services beyond trading, aiming to become a comprehensive financial platform. The company has introduced features such as cash management accounts, recurring investments, and retirement accounts. Additionally, Robinhood has ventured into the cryptocurrency market, offering users the ability to trade various digital assets. This expansion into crypto has been a significant driver of revenue growth, contributing to the company's profitability over the past three quarters. International ...