By JoEllen Laun Despite a spectacular growth story, many people are not onboard with the Robinhood IPO. The announcement has resulted in mixed feedback from investors and social media platform readers and commenters alike. Nevertheless, the popular investing platform will go public on the Nasdaq under the ticker symbol “HOOD”.
According to Barron’s, this new IPO will mark the end of the meme trade. However, I don’t believe that to be true. The meme traders aren’t going away, and judging by the pure volume of Robinhood accounts that are not active traders, this is a trend that’ll be the new-normal. Nevertheless, that still doesn’t …read more
