Now that Robinhood’s stock is trading on the Nasdaq, its performance gives a real-time look at the market’s judgment of Robinhood’s prospects. That’s routing its customers’ orders to big Wall Street trading firms, which pay Robinhood to take the other side of the trade. “I think it’s a big, big mischaracterization because if you look at it, the stock market has been one of the greatest wealth creation tools,” he said. So in a sense, you’re hearing when wealthier customers are engaging in the stock market, it’s investing. But when the rest of us are accessing the stock market, it’s gambling.”Robinhood’s stock debut is coming at a very welcoming time.

Source: ABC News July 29, 2021 04:08 UTC