Robinhood builds financial social media superapp for traders

Source Cryptopolitan

Robinhood Markets Inc. is expanding beyond trading by launching a new in-app social network, Robinhood Social. The app’s rollout begins early next year. A select group of customers will be the first to get invitations. After that, the feature will be rolled out to all users.

Its arrival is another sign that the online brokerage has entered a new era. Robinhood is a place to invest, combined with community and conversation.

Robinhood puts trading at the center of social

Robinhood Social follows a simple rule: every post must be linked to a real trade. Whether users share insights on stocks, options, or crypto, it has to reflect an actual position they’ve taken, adding authenticity to the content.

The position updates in real time once a trade is posted. Prices, gains, and losses change as markets move. Other traders can join the conversation by commenting directly on the post. This makes the platform more interactive than a static screenshot, for example, or a one-sentence Reddit message.

By opting for a trade as the center of every post, Robinhood creates a stark contrast between itself and social platforms like Reddit and X, where users can put unverified claims, inflated claims, or edited screenshots for results. On the other hand, Robinhood Social is transparent because a transaction inside the brokerage underpins every post.

The platform also provides additional transparency into investor performance. Users can share the one-day and one-year profit and loss statements. They can also disclose their total profit margins. This allows followers to learn from traders who always win and have the context when trading strategies go awry.

The social part won’t be limited to everyday traders. The company expects to include profiles of luminaries like lawmakers and billionaire investors. For instance, trades by the former U.S. House Speaker Nancy Pelosi, which are closely tracked by retail traders online, will automatically appear, according to required public financial disclosures. 

The same goes for hedge-fund managers like Bill Ackman. This tool puts the information that big investors keep an eye on in the hands of regular people, although notably with a more human, and certainly less dull, form.

Individually, they’re all basic, but collectively, they’re enough to turn Robinhood Social into more than just a chatroom. It turns into a live trading feed, and every discussion is based on fact, real positions, and measurable performance.

Robinhood builds a financial super-app

This is more than a hobby project. Robinhood views the platform as an investment in its plan to become a financial super-app over the long term.

Along with the social launch, the company is introducing new trading tools. Active traders will receive AI-powered scanning tools on Robinhood’s desktop platform, Legend. Futures trading, short selling, and overnight index options will also be launched in 2025.

The company says such upgrades will enable users to trade like professionals yet remain connected to a reliable social space.

Executives said that every year, several verticals are reinvented on the internet, and they believe the new platform will change how money is discussed online. Abhishek Fatehpuria, Robinhood’s vice president of product management, added that the company had always wanted to combine social and investing and could now do so transparently and credibly.

Robinhood naturally draws a social audience. Its traders played a central role in the 2021 meme stock frenzy. At the time, thousands of retail investors used the WallStreetBets Reddit forum to band together to run up stocks such as GameStop and AMC.

Now Robinhood is chasing that energy inside its own ecosystem. The company sees in-house discussions as a way to help make investing more engaging while reducing misinformation risks on other platforms.

Direct messaging and other social features like link and image sharing will follow. The company says it keeps it simple, concentrating on verified trades first.

Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Asian Stocks Mixed as Commodities Pause and Yen Draws AttentionAsian equity markets struggled to close the week on a weak note Friday, influenced by ongoing losses on Wall Street that extended into early Asian trading.
Author  Mitrade
Oct 10, Fri
Asian equity markets struggled to close the week on a weak note Friday, influenced by ongoing losses on Wall Street that extended into early Asian trading.
placeholder
Oil Prices Hold Steady Amid Gaza Ceasefire and US Sanctions Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.
Author  Mitrade
Oct 10, Fri
Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.
placeholder
Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumbleBitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Author  Mitrade
Sept 26, Fri
Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
placeholder
Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBCTesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Author  Mitrade
Sept 26, Fri
Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
placeholder
Dollar Weakens and Stocks Stall as Gold Rises Ahead of Fed DecisionOn Wednesday, global markets saw the dollar weaken, shares dip slightly, and gold rise to new highs as investors prepared for the Federal Reserve’s anticipated interest rate cut later in the day.
Author  Mitrade
Sept 17, Wed
On Wednesday, global markets saw the dollar weaken, shares dip slightly, and gold rise to new highs as investors prepared for the Federal Reserve’s anticipated interest rate cut later in the day.
goTop
quote