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Latest Resource
March 27, 2024
Is HD Overbought?

Last quarter Home Depot (HD) cleared a low bar, besting […]

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Robinhood is having problems with Dogecoin

May 5, 2021

Robinhood is having problems with Dogecoin

Looking at the number of investors talking about trading stocks and cryptocurrencies on Robinhood platform, it's clear that the retail-focused brokerage is still doing incredibly well.

Robinhood's Trading Mentions volume is up +910% YoY on a 7-day moving average.

Elevated Dogecoin (DOGE-USD) trading volume managed to crash the Robinhood's entire app yesterday, contributing to the recent increase in investor chatter.

Still, it will take a much larger event than a Dogecoin-induced outage for investor chatter to surpass the levels seen during the GameStop (GME) short squeeze event, when Robinhood faced a massive backlash for limiting trading on several stocks including GME itself.

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About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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