Robinhood Wants to Grow Up

Stuck at home during the pandemic, amateur investors banded together on Reddit forums, sparking eye-popping rallies in meme stocks like GameStop and AMC Entertainment The founders of the popular trading app Robinhood Vlad Tenev and Baiju Bhatt, made it rain confetti on customers’ screens after their first trade, and lived the life of frat-bro entrepreneurs. The real Robinhood wants to grow up. It is looking more like a financial supermarket, offering retirement accounts, 24-hour trading and higher yields on customers’ cash.