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Robinhood's next act

Feb 11, 2020 - SNL European Financials Daily
Mergers and Acquisitions

Commission-free trading and a slick app were some of Robinhood's claims to fame. But incumbents, both online brokers and banks alike, are catching up.

For several years, Robinhood Financial LLC had an ace in the hole with its commission-free trading app, rapidly accumulating users and attracting rich valuations from investors. But now that the incumbents have eliminated commissions, the Silicon Valley startup will have to come up with a new competitive advantage. Robinhood faces increased ...