Trading platform has grown to more than $80bn in customer assets, Robinhood revealed as it prepares to go public
The trading platform Robinhood, which has gained notoriety for allowing amateur stock investors to play the market, has grown rapidly to more than $80bn in customer assets, it revealed as it prepares to go public, even as it faces dozens of lawsuits and a historic fine over its business practices.
The app that has sent a newly empowered generation of investors to Wall Street saw its revenue soar 309% at the start of the year as a frenzy over so-called meme stocks shook the market.
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