Thursday, 26 January 2023

[Post 521] Robinhood’s Stock Has Plunged and Its Traders Are Leaving | What Went Wrong | WSJ


Summary

Robinhood was one of the most valuable startups in Silicon Valley before its IPO. But now, its share price is down around 75%. WSJ’s Gunjan Banerji explains how Robinhood fueled a meme-stock craze and why it’s now struggling.

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