A competitive trading environment will inherently result in the majority of retail traders losing money.

“The majority will continue to lose. Uh there is no way that a competitive endeavor will have majority winning.”

Robinhood identifies highly engaged active traders as key contributors to the platform's success and is actively building better tools for them.

“These are our most engaged customers that generate the lion share of our revenue. We put our best people on active traders.”

Robinhood was instrumental in bringing retail investors back to the market during the pandemic.

“I don't think it does that without the impact of Robin Hood.”