Robinhood, Can They Still Be Trusted?
The company I will be discussing in this post is non other than Robinhood. Robinhood is a company that we have all heard quite a lot about in the last few years. They started out as a brand new online brokerage that was utilizing FinTech, (which is a developing technology that allows online payment and money transfer) in order to give their clients a simple, free, and easy to use brokerage on their smartphone. Robinhood's value proposition is that they are for the people and that they want to help retail traders take their place in the stock market by allowing easy and affordable access. Their name itself represents take from the rich and giving to the poor. They claim they are just trying to give more opportunity for equality to their clients. The reason there has been so much buzz social media about Robinhood in the last few months is because a lot of people believe that they have not lived up to the values and morals they claim to have. This is because there was a recent...