Wall Street

Robinhood Has a New and Powerful Rival

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The Street

By Luc Olinga The struggling Gen Z trading platform Robinhood now faces a formidable opponent. And the companies have a shareholder in common. Robinhood (HOOD) – Get Robinhood Markets Inc. Report has something to worry about. The brokerage house, which wants to democratize finance and attract a new generation of investors, is faced with the slowdown in trading volumes affecting both the cryptocurrency market and the broader financial markets. The Gen Zers the brokerage wooed appear to have sustained significant losses as cryptocurrency prices plummeted and the stock market slumped on fears of …

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