How Robinhood became a target of the retail-trading hype it helped create ...Middle East

Quartz - Economy

Robinhood has long capitalized on the belief that the little guy gets screwed by Wall Street. Now that story has boomeranged on the eight-year-old brokerage.After a week of rampant stock trading in which retail traders appeared to turn the tables on hedge funds—and then get locked out of the market by their own brokerages—everyone from customers to social-media provocateurs and politicians is asking whether Robinhood is just one more place that favors rich over the regular person.The thing about Robinhood’s financial democratization pitch—that it’s placing “financial power into the hands of everybody”—is that there’s some truth to it. Brokerage commission charges have been declining for deca

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Last updated : 04 February 2021 clock 08:45 PM

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How Robinhood became a target of the retail-trading hype it helped create ...Middle East

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