In this case, Robinhood customers started opening new accounts and existing customers started putting in new money. From its inception, Robinhood was designed to profit by selling its customers’ trading data to the very sharks on Wall Street who have spent decades—and made billions—outmaneuvering investors. Given their complexity, options trading has long been the realm of the most sophisticated hedge funds. The stock market, meanwhile, provided edge-of-your-seat excitement as it plunged and then soared, propelling superstars like Amazon and reviving walking-dead stocks like Chesapeake Energy. With interest rates near zero and the stock market roaring, the public-offering window is wide open, but it won’t be forever.

Source: Forbes August 19, 2020 10:30 UTC