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When Stanford grads Vladimir Tenev and Baiju Bhatt set out to launch their trading app Robinhood, they were aiming to provide a platform that was more accessible for beginner investors than traditional brokerage firms.Robinhood doesn’t charge a brokerage fee when a user buys or sells a stock. And it doesn’t require a minimum deposit to open an account.
The company’s low cost and easy-to-use platform – users can start trading within minutes of opening an account – has cemented its popularity among millennials. Currently, the company has over one million users who have transacted over $25 billion on the platform, according to the firm.
We asked Robinhood the top ten most popular stocks by percentage of ownership among its users. As you will see, some of those stocks performed better than others: