Delineate the PESTEL factors that supported Robinhood's rise. How did the startup match its strategy to take advantage of the opportunities in the PESTEL environment? Identify and discuss relevant PESTEL factors and their effect on Robinhood's strategy.

Although Robinhood was quite innovative, it could fot sustain its competitive advantage. How did the PESTEL factors change over time to impact Robinhood negatively? Identify and discuss relevant PESTEL factors and their effect on Robinhood's competitive position.