Robinhood is getting rid of one of its most controversial features
CNN
Robinhood is getting rid of the confetti animation that appears on users' screens after they conduct their first trade and achieve other milestones. The change comes as the app faces growing scrutiny over what critics say is a gamification of trading that masks the potential for real losses in the financial markets.
The design changes, announced in a blog post Wednesday, will roll out next week as part of "new, dynamic visual experiences that cheer on customers through the milestones in their financial journeys," the company said. Robinhood currently displays confetti after a number of "firsts" for each trader, including when they initially deposit money into the app, make their first trade and upgrade to a premium membership. The confetti imagery will be replaced by new graphic elements featuring shapes and colors that are comparatively more sedate.
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