Wall Street vs. Robinhood

While fiddling around with various Google trend keywords, I stumbled upon “Robinhood” — the commission-free stock and crypto trading app that most traders on /r/wallstreetbets use and is growing rapidly (see Alexa stats below).

Surprisingly, both times after a spike in Google search interest for “Robinhood” the S&P stock price dropped. Could Wall Street be dumping on new Robinhood traders? Google Trends has been quite the leading indicator the last two spikes. Will be interesting to see what happens on the third spike — most likely when they reveal their Cash Management service with 3% interest rates — something competing institutions must hate!

SPY vs Google Trends for “Robinhood”
Robinhood.com Website Traffic

For every action, there is an equal and opposite reaction.