To Redditors, Robinhood isn’t a meme stock any more ...Middle East

Economy by : (Quartz) -
When Robinhood announced its first earnings as a public company on Aug. 18, the Redditors on the WallStreetBets forum barely raised a murmur.Which was surprising, because Robinhood is the beloved trading platform of choice for WallStreetBets users. It’s the app they’ve used since last year to buy meme stocks they collectively adored: GameStop, or AMC, or BlackBerry. And after Robinhood listed on the Nasdaq on July 29, a surge of Redditors decided to lean into the meta—to turn Robinhood, the meme stock trading app, into a meme stock itself.In the first week of August, Robinhood’s stock soared. One day, it rose more than 80% and prompted several halts on trading. In the course of a two-day str

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