Robinhood drops the confetti, but advisers aren’t convinced
Robinhood s confetti graphic led to heavy criticism of its gamification tactics, but advisers say investor education is still what s needed.
April 6, 2021 3 MINS
After a bleak start to the year following the Gamestop stock surge and having multiple lawsuits filed against it, free trading app Robinhood Markets updated its application program interface to calm recent accusations that it was engaged in market manipulation and gamification.
This week millions of Robinhood users may have noticed that the celebratory confetti graphics that used to rain down after each trade have been replaced with images of floating geometric shapes, according to an announcement from the company last Wednesday. Robinhood also changed the images it displays when a customer signs up for premium service Robinhood Gold or deposits money on the app.
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