I wonder what percentage of Robinhood users hold GME - if it's more than 25% I'd say they're finished. If we assume 25% of users hold GME and 80% of GME holders will not return after this fiasco that's extremely significant IMO.
Not to say that they'll cease to exist, but I doubt they'll remain the "#1 trading platform."
Although they've left the tweet up, the article it links to says that this is incorrect: "Correction: An earlier version of this article stated that 56 percent of Robinhood users hold GME stock. This is incorrect, based on a misreading of a statistic on Robinhood. Motherboard regrets the error."
I can say with 99% certainty that they aren't just counting invidual $GME holders, but every one of Robinhood users that holds an ETF (like total US Market) that contains $GME...
So this is really such a bad faith statement from Motherboard, because all of the ETF holders (probably 90% of the "half") can still sell their ETF's and thus their indirect $GME shares...
I think GME is one of the freebie stocks that Robinhood gives out as a referral bonus, so many of those users might just have had one stock incidentally.
From what I understand Robinhood's actions today only impacted derivatives of GME, not trades involving the actual underlying equity (which, I imagine, is what most people actually own).
Not to say that they'll cease to exist, but I doubt they'll remain the "#1 trading platform."