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Robinhood Has Lost its One True Advantage

The trading platform's user growth has slowed considerably in the past two quarters.

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Tim Connors core team
over 4 years ago

Founder, MD @ PivotNorth Capital

In 2020, a year when Robinhood added 7.4 million net funded accounts, it spent $186 million on marketing—or $25 per account. In the latest quarter, it spent $44 million on marketing, or about $147 per net new account.
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