JP Morgan: Robinhoods Crypto Trading App is Down 78% in Downloads and 40% Less Active Users, Expects Stock to Fall by 20%

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JP Morgan: Robinhoods Crypto Trading App is Down 78% in Downloads and 40% Less Active Users, Expects Stock to Fall by 20%

"We do not see growth as sustainable and we question the ability of the company to generate competitive margins" – JP Morgan

All in all their crypto trading app downloads fell by 78% compared to last quarter, daily active users are down by 40% in just three months

This comes on top of them selling your crypto trading data and being sued for suspected insider trading by their securities officer.

We need to continue to spread awareness so people chose the right way of holding their crypto

(source)

submitted by /u/Dwez1337
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