Robinhood is a trading platform trying to revolutionize how we invest in stocks. If you're really new to investing, you may be surprised to hear that investors used to pay hefty trading fees on every stock purchase. Nowadays, most brokerages offer commission-free trades, but it was Robinhood that sparked the industry change. It was an early free-trading pioneer, and it forced other brokers to adapt.
Another attractive perk with Robinhood is the free share of stock that users get just for signing up with the service. While it's possible to get a share of a company worth over $100, most users receive a stock worth less than $10. GoPro (NASDAQ: GPRO) is a common freebie. This might explain why it is among the 10 most commonly held stocks on Robinhood. Users receive it and choose to hold on to it.
But if you're a Robinhood user who got GoPro for free, there's something you should understand. It's tempting to just hold it and "play with the house's money." But that's a gambler's mentality.