Here’s how Robinhood and Covid opened the floodgates for 13 million amateur stock traders. Watch the full video here:
Users download Robinhood for its simplicity and ability to start trading in a matter of seconds. For the first time, young investors felt they had the power to trade and make their own decisions on how to invest their money. The app came from Silicon Valley, not Wall Street, and its frictionless interface and 'game-ified' features quickly captured young, first-time stock traders.
In a Dec. 4, interview on CNBC's "Mad Money," Bhatt told Jim Cramer, "The thing that makes Robinhood really unique is that it's incredibly efficient in the way that it operates because we're from the ground up a technology company which allows us to build really modern systems that have our systems be much more automated much more stable by just having code execute.
As a fintech leader and with such large growth, Robinhood has met lots of challenges. It's battling the SEC, lawsuits, and growing competition from traditional Wall Street firms. Watch the video above to find out how Robinhood plans to keep up with the demands of its users — and with the growing attention of regulators.
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