Robin Hood, wow, it's been a long time since we've done a Robin Hood story.
It is a stock trading app trying to entice its users to use a new investment product.
Well, if you now open an IRA with Robin Hood,
the company will match 1% of your contributions.
Robin Hood says it's the only IRA provider to match any contributions
And the company says it's targeting the growing
number of gig workers and other Americans.
Well, 1%, I guess, depending on the money that you might roll over is a big deal.
If it is, in fact roll over money,
Uh,
they don't of course have access to
corporate sponsored retirement accounts like 401K.
That's the case for gig workers, only about one in three actually do
so, shares of Robin Hood again, down pretty consistent with the tech sector today,
off 2.4%.