This isn't Robinhood's first time at the number one spot. The rankings reflect the momentum in downloads of a certain app, not necessarily the total cumulative downloads. Typically, social media and entertainment options such as TikTok, Reddit and Instagram are the top apps. The video game retailer became a household name in January after a group of traders on Reddit sparked a historic short squeeze. The surge in popularity underlines a boom in retail trading during the pandemic and "meme stock" culture around names like GameStop. The surge in popularity comes as Coinbase made its debut on the Nasdaq on Wednesday, and bitcoin topped $64,000 for the first time. 1 spot on Friday, followed by crypto trading platform Coinbase, according to data from Sensor Tower.
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