Only a 1% match - offered by Robinhood

It doesn't matter if IRAs / traditional - Robinhood is at 1%

'HOOD', after this decision is now directly competing with others like Charles Schwab, Fidelity, etc.

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The '1% match' - decision by Robinhood is made to lift the company's market value

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HOOD stimulated during the COVID pandemic; & lockdown was a boom but this glory started to fade

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Hence on Tuesday Robinhood officially announced their decision of 1% match.

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1st 'Layoff' in April -9%full-time staff ; 2nd in August- 23% of workforce.

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Access to ETFs (exchange-traded funds) & stocks - offer by Retirement accounts

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Q3's calculated to be of 12.2 million of active monthly users

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A downfall of 1.8 million users can be observed when compared with previous quarter

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By New Year, retirement acc. gonna be available to users- said Vlad Tenev (Chief Executive Officer)

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