Following up on a story brought to you on the Friday 11 January 2019 edition of Mac OS Ken. It was then that I told you of a Markets Insider report that had millennials buying Apple shares big time. That was based on growth on the trading app Robinhood, which counts millennials as a significant portion of its user base.
Turns out, the deck may have been stacked.
Over the weekend, listener Eric became fact checker Eric, for which I am grateful. He wrote to say:
Just listened to Fridays show with the segment about millennials buying Apple stock through Robinhood. While I'm sure there are some, maybe even many, buying Apple stock, it should also be noted that Robinhood had been running a promo since December 1 (that's the earliest I heard anyway) where if you sign up for a new account or refer a new member, you receive an Apple stock for free. I'm guessing that has a lot to do with the growth over the past nine weeks.
Gosh that would have been a neat thing for Markets Insider to note. Thank goodness we have Eric, who does - in fact - rock.