![]() The following day was its second-biggest download day ever. In fact, the day Robinhood restricted trading turned out to be the biggest single download day on record for Robinhood, with 440,000 unique first-time installations in the US, according to data from app measurement company Sensor Tower. So while this episode might be a headache for Robinhood, it was also a big brand-building event that has introduced the app to many people who might not have heard of it a month ago. Many more people kept on downloading the app. Users filed multiple lawsuits nationwide alleging market manipulation. Politicians called for congressional hearings. Redditors, who accused the commission-free investment app of betraying its name by protecting the rich, said they would leave the platform. When Robinhood announced last Thursday morning it was restricting trades on a number of meme stocks, the fallout was swift.
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