Business
The rise and stall of Robinhood’s addictive app – The Australian Financial Review
It has become one of the pandemic’s standout economic successes as locked-down Americans discovered trading on their phones – but it is facing a backlash.
Over the next few months, youll continue to see the results of all of that work that weve been putting in, Tenev says in a video chat. He wears his hair shoulder-length, and like a lot of guys in these pandemic days, hes sporting some facial hair in this case, a goatee. Theres a lot more coming.
So whats Robinhoods next act? The core product stock trading on a fun game-like phone app is both controversial and widely imitated.
Founded in 2013, Robinhood courted long-ignored small-dollar and novice…
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