The Robinhood trading app, formerly loved by Millennial day traders, now has serious competition and is losing business. This development happened after Robinhood limited trading of certain securities during the Reddit short squeeze a few weeks back, which broke the back of some large Wall Street hedge funds, thanks to millions of small day traders bidding up stocks that were heavily shorted.
One of the upstart competitors is Public.com who has a brilliant marketing team. We’ll let you decide for yourself. The video has already gone viral.
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