Robinhood Markets, Inc. (HOOD) operates as an online discount brokerage firm that offers zero-commission trading services for several U.S.-listed securities. The company has net cumulative funded accounts of 22.9 million and 14 million monthly active users.
HOOD became wildly popular during the height of the pandemic among millennial and Gen Z investors. Despite weak fundamentals, several meme stocks were propelled to unsustainable highs backed by social media hype and brought speculators massive and quick gains.
