Robinhood is now beta testing a Twitter-like social media platform it calls Robinhood Social. The trading-focused platform was introduced final September on the firm’s HOOD Summit, however it’s rolling out to 1,000 individuals who attended the occasion and can broaden to “a further 10,000 clients over the approaching weeks,” based on Robinhood.
On Robinhood Social, which, based mostly on screenshots, appears so much like Twitter or Threads, customers will have the ability to create a profile, make posts about their trades, and full trades from their feed. The corporate can be promising to launch extra options in the course of the beta, together with information feeds and “the flexibility to comply with insiders, hedge funds, and politicians.”
Robinhood goals to carry Robinhood Social out of beta “as shortly as attainable.”
“We’ve heard straight from energetic merchants that they rely closely on social media to navigate the markets,” Robinhood says. “However nowadays, it’s tougher than ever to know what’s actual and what isn’t. We’re hoping to alter that with Robinhood Social, the place clients will have the ability to comply with different Robinhood merchants, swap methods, talk about market strikes, and commerce with readability. Plus, they will belief that each buyer profile belongs to an actual individual, verified by KYC.”
