Robinhood app luring and robbing amateurs — like in the dot-com era
August 09, 2020 at 06:52 AM EDT
In the 1990s, newbie investors took the brunt of the dot-com crash, with some losing their lifesavings, well after professional traders had sold their positions. Now history may be repeating itself in the form of Robinhood, a stock-trading app that has become something of a cultural phenomenon during the pandemic.