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Robinhood Just Made a Major Improvement to Its Mobile App
Robinhood’s investing app just got better — Robinhood is changing how users view their investment returns and cash balance. Inspired by customer feedback and a mission to improve clarity, Robinhood is simplifying the investing view by making it easier to see your returns over time, as well as redirecting your cash balance to a new “Cash” tab.
“This is about adding clarity for our customers — making it simple and intuitive to know how much money you’re investing, saving or earning interest on,” a Robinhood spokesperson told us. Previously, the “Cash” tab was only unlocked if you used Robinhood’s Cash Management feature. With the new update, the tab becomes a home for all your cash balance and activity.
This split means your money will be separated into what you’re currently investing and what you’re waiting to invest (and have in returns.) Essentially, it’ll be much easier to understand the value of your investments separate from your cash balance in the app.
Secondly, you can now track specific returns over time using the “Investing” tab chart. Before the improvement, changing the timeline on the chart would only display your change in total investment value, not specifically your returns.
The new features are rolling out to about 2% of Robinhood users over the next few weeks, as they test and iterate to optimize the changes. The investing app plans to release the changes slowly to ensure that users understand that the value changes are in display only — their uninvested cash isn’t gone; it’s merely moving to the new cash tab.
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