May. 13 at 10:52 PM
$HOOD
April metrics make it pretty clear why they’re shifting some focus to top-of-funnel & customer growth.
Engagement & monetization trends look great.
But 6% funded account growth. 7% 2-year funded account CAGR. Monthly active users haven’t grown in 2 years.
Competitors like
$IBKR
outgrowing them on customer metrics.
$HOOD
still has a massive potential runway for more customers. Makes sense why they’re more directly working on speeding these growth rates up.
We’ll see if they can make that happen.