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How Robinhood Went From Hero to Villain in 48 Hours

The trading app saved the hedge funds and threw its users overboard — jeopardizing its entire business

This photo illustration shows the logos of videogame retail store GameStop and trading application Robinhood on a computer
Photo: Olivier Douliery/AFP/Getty Images

For a year or two Robinhood has been, well, a Robin Hood — a no-fee savior to little guy investors everywhere, who got on the platform, yakked it up with fellow little guys in online chat rooms and Discord…

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Pop business for the intelligent reader. A publication from Medium.

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Steve LeVine

Steve LeVine

Editor at Large, Medium, covering the turbulence all around us, electric vehicles, batteries, social trends. Writing The Mobilist. Ex-Axios, Quartz, WSJ, NYT.

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