Robinhood's (NASDAQ: HOOD) influence on the stock market may have waned since the heady days of the pandemic, but the disruptive stock-trading platform still wields signficant influence over the market in part because it is so popular with millennials. The average age of a Robinhood user is 31, and the company has more than 12 million monthly active users and nearly 23 million funded accounts, showing that it remains a major player in the brokerage industry. Robinhood also influences the market in other ways -- for instance, its 100 most popular stocks list.
European home improvement retailer Kingfisher has agreed a five-year partnership with Google Cloud, a move it said should provide customers with faster and more intuitive searches, and better tailor product ranges. The company, which owns DIY brands B&Q and Castorama, and trade-focused Screwfix and TradePoint, increased online sales during the pandemic when stores were closed and customers spent more on home improvements. But chief digital and technology officer JJ Van Oosten said in an interview that the company felt it needed to accelerate its digital focus, and the move to the cloud was key.
All major indexes and many blue chip stocks saw their stock prices plummet this year, but few companies have been hit as hard as Facebook parent Meta Platforms (NASDAQ: META). As of Nov. 28, Meta was down more than 67% year to date, and there's little reason to believe that things won't get worse before they get noticeably better. Here are three reasons why I wouldn't touch Meta's stock with a 10-foot pole right now.