Why Robinhood's 24-Hour Market Isn't Enough to Make Me Buy the Stock
Robinhood Markets (NASDAQ: HOOD) caught lightning in a bottle during 2020 and 2021, when the pandemic placed the U.S. population under lockdowns and put federal stimulus money into people's pockets. Its easy-to-use investment platform resonated with Gen Z, which was entering the stock market for the first time with an appetite for short-term gains.
But that environment was never going to last, and Robinhood experienced a significant deterioration in its business as life gradually returned to normal.
But the company continues to innovate and it just introduced 24-hour trading that will enable users to buy certain stocks outside of regular market hours. While that's a cool feature, here's why Robinhood needs to do much more to persuade me to buy its stock.
Source Fool.com
