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Read the mini-case of Robinhood: Democratizing Investing or Robbing Investors? in your textbook. Please answer the following questions in a 2-pages essay. Have you used
Read the mini-case of "Robinhood: Democratizing Investing or Robbing Investors?" in your textbook. Please answer the following questions in a 2-pages essay.
- Have you used the Robinhood trading app? If so, what is your experience? If not, why not? Would you consider using it? Explain.
- 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 not 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.
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