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The Mother of all Short Squeezes - Robinhood Traffic Explodes 1200%

Source: https://www.similarweb.com/corp/blog/robinhood-trading-platform-1200-in-7-days/

When they said all press is good press, they can use the recent Robinhood scandal as a case study. Looking at the digital traffic alone over the last 7 days, it’s clear that Robinhood is on fire.

The online brokerage – and potential unicorn IPO – is at the epicenter of the surreal GameStop (GME) trading saga. It sparked outrage after banning, and then restricting, trades in so called meme stocks like GameStop, Nokia (NOK) and BlackBerry (BB). That’s with GME still up 380% year-to-date.

“[Last] week demonstrated that unsustainable excess in one small part of the market has the potential to tip a row of dominoes and create broader turmoil,” Goldman Sachs’ David Kostin commented.

Now the U.S. Securities and Exchange Commission has agreed to review the restrictions imposed by trading platforms. Meanwhile, Robinhood has raised an eye-watering $3.4B in order to stabilize its operations.

Using SimilarWeb’s powerful alternative data, we took a deep-dive into Robinhood’s key digital data points over the last few weeks and months. We also compared these trends to those of traditional U.S. retail brokerages: Fidelity, Charles Schwab, TD Ameritrade, Etrade, and Interactive Brokers.

As you will see, the impact of recent events is startling.

Pro Tip: SimilarWeb data is updated daily with only a 48–72 hour processing lag so users can immediately identify emerging players and market trends.

Key takeaways for Robinhood:

  • High correlation between Robinhood ticker on-site search vs. actual trading volumes. Here we can see how GME trading volume drops dramatically after Robinhood blocked trades in GameStop on Jan. 28.

  • Robinhood.com traffic has surged over 1,000% in seven days!
  • User numbers dipped after the trading restrictions on Jan. 28
  • Market share has accelerated vs. traditional retail brokerages
  • We can see this via rising website visits and deepening audience engagement, in terms of minutes spent per session.

To learn more about the data behind this article and what Similarweb has to offer, visit https://www.similarweb.com/.

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ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.