A bigger milestone than any other app achieved in the same period: combining the Play Store and the App Store, the financial microtransactions app Robinhood had 2,1 million downloads last week.

That was a 394% increase from the previous week, when the GameStop crash had not yet caused a stir in the financial markets. The millions of downloads occurred even as concerns were raised about restrictions on some stocks that were sold en masse.

The expressive indexes were recorded by the platform Tower Sensor, a leading provider of market intelligence and insights for the global app economy. In some ways, the 2,1 million app downloads are a relief for Robinhood investors, who also further eased restrictions on trading GameStop shares on Tuesday, February 02.

Users of the app can now buy up to 100 shares and 100 options contracts from the video game retailer, up from 20 under the previous restricted rule. Still, GameStop shares remain the most subject to trading restrictions.

Review bombing

As recently as last Friday (29/01), the Robinhood platform had limited cryptocurrency transactions, in an apparent attempt at crisis management. The app had previously blocked its users from trading stocks that were taking off in the financial bubble created by r/WallStreetBets. Shares of AMC Cinemas and other companies, which gained momentum through Reddit, were also blocked by Robinhood.

This morning, February 03rd, the Robinhood app for download on the Play Store is with grade 1.1. Although last Friday there were impressions that there was a coordinated attack to deny the application and Google has lent a hand. Robinhood is also being targeted by a collective action, after making the restriction decisions.

Robinhood's rival platforms are also seeing more downloads, benefiting from the market boom. The app SocialFinance had its biggest week-over-week growth in percentage terms, with 900%. Another app that has been riding this wave is Fidelity, which has seen a 751% increase, according to Sensor Tower. So it’s quite possible that these and other apps are being adopted by disgruntled Robinhood users.

Through which channels you reach those people, classic and out of the box. 360 Gadgets

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