Money Makers Mentor

The Future of Robinhood After the GameStop Kickback

Robinhood Markets, Inc., known as Robinhood, was created in 2013 by Vladimir Tenev and Baiju Bhatt. The mobile application is used mainly for commission-free trading and ETFs. They further diversified their services line by launching a premium subscription plan wherein the users are offered insightful market analytics, margin trading and instant deposits of up to $50,000. In 2018, they launched a trading platform for cryptocurrencies, such as Bitcoin and Ethereum.

Robinhood Valuation

The mission of the company is to facilitate the achievement of financial freedom among the masses. Robinhood believes that financial literacy and independency should be for everyone and not only the rich. As far as valuation is concerned, the company raised $280 million in venture funding at a pre-mone…

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