FINTECH-startup Robinhood has raised $320 million — the valuation of the company reached $8.6 Melnsila Dragun | 14.07.2020
FINTECH-startup has become very popular among the Millennials — are locked in the houses because of the pandemic, they began to invest in equities.
The number of users exceeded 10 million people. Robinhood became famous due to two big events with users.
In may this year, the service car rental Hertz began to prepare for bankruptcy is to rent a car in the midst of the epidemic there was no one. The company’s shares fell ten times and it is here that many users
Robinhood saw his chance — they began to buy shares of Hertz one button in the app. Thanks to them, the shares of the bankrupt company in June soared by 900%! However, after
a few days the shares fell again. Did someone of the users of this money is unknown.
One of the users of the application have committed suicide — he bought and sold shares through Robinhood and saw that he owed $730 000. In fact, 20-year-old student had no debt for such a sum — he
I misread the information in the application interface. After his suicide Robinhood announced an amendment to the application — it will be clearer to display the information.
mobile application Investments
