Robinhood, three friends and the fortune that got away
The hidden dangers of the trading app. Three friends in California fell into online trading and emboldened by dreams, early wins and a circle of online cohorts, it seemed like they couldn’t lose. In this insight into the troubling side of investing-made-easy software, Rachel Louise Ensign explores how comradery, margin loans and the addictive video-game-like thrill of Robinhood made them unaware of the looming debt that was only a bad bet away.
From The Wall Street Journal