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SOFI is a major competitor of Robinhood Markets Inc. (NASDAQ:HOOD). In fact, Social Hedosophia Founder and CEO Chamath Palihapitiya has criticized HOOD on several occasions and suggested that users delete the Robinhood app and replace it with SOFI.
However, HOOD has maintained its leading position in the financial and capital markets, with an 18.90 million monthly active user base, as of September 2021.
