Robinhood Launches New Social Networking Feature for Gamers

Robinhood is currently beta testing a new social media platform called Robinhood Social, designed with traders in mind. This platform was first revealed at the company’s HOOD Summit last September and is now being rolled out to 1,000 attendees from the event, with plans to expand to an additional 10,000 users in the coming weeks.

From the screenshots, Robinhood Social resembles Twitter or Threads, allowing users to create profiles, share posts about their trading activities, and execute trades directly from their feeds. The company has also indicated that more features will be introduced during the beta phase, such as news feeds and the option to follow insiders, hedge funds, and politicians.

Robinhood is eager to move Robinhood Social out of beta as swiftly as possible.

“We’ve heard directly from active traders that they rely heavily on social media to navigate the markets,” Robinhood states. “But in this day and age, it’s harder than ever to understand what’s real and what isn’t. We’re hoping to change that with Robinhood Social, where customers will be able to follow other Robinhood traders, swap strategies, discuss market moves, and trade with clarity. Plus, they can trust that every customer profile belongs to a real person, verified through KYC.”