Robinhood Records Rising National TV Ad Spend

Robinhood, the retail-based brokerage firm, has seen sharply higher national TV advertising spending year-over-year -- this, amid individual investors who have been using the service in combating short-selling of specific stocks, such as GameStop.

From January 2020 through January 2021, national TV spending for the brokerage company was $32.3 million, according to -- almost double its $17.3 million level in the previous year period.

The biggest spending networks for Robinhood in the last 30 days are ESPN, CNN, Fox News Channel, TNT and MSNBC. Top-spending individual programs were NBA basketball and college football. The top overall program impressions from total Robinhood-bought ad inventory are “CNN Newsroom Live” and MSNBC’s “The 11th hour with Brian Williams.”



Over the last 30 days, Robinhood has spent $3.2 million on national TV advertising, according to In the previous December period, it spent $1 million.

Buying by individuals, small investors of underperforming entertainment and media companies and other stocks -- largely on the small-investor-friendly Robinhood trading platform -- resulted in dramatically increasing stock-market company prices.

For example, GameStop -- the physical store retailer of video games -- saw its stock price rise nearly 1,905% since the start of the year, and 251% over the last five days. AMC Entertainment, the large U.S. theater chain, has risen 632% higher since January 1 and 198% over the last five days.

Other big gainers include mobile phone and device companies, Nokia and Blackberry. The list also includes mainstream consumer brands such as retail store Bed, Bath & Beyond and Koss, a consumer audio and headphone manufacturer.

Over the past week or so, individual, small investors on a Reddit forum, WallStreetBets, talked up an effort to push some stock prices dramatically higher -- partly to combat big hedge funds that typically short stocks, with firms betting stock prices will go lower.

After an initial effort to restrict trading due to an untenable rush of investor buying, at the end of week, Robinhood and other brokerage firms, opened up limited trading.

Some members of Congress have said this unsupported stock-market speculation activity has contributed to an unstable stock market, with calls for possible hearings and investigations.

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