Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early-stage startups with Slow Ventures.
Everywhere you look, everyone is talking about Robinhood. At this point, the story is well told.
In March, Americans were told to stay at home. The basketball season was called off. President Donald Trump’s daily briefings became the new national form of entertainment. And the stock market lost almost a third of its value.
Across the country, people , the user-friendly investing tool that makes stock trading more fun than a game of Space Invaders. Some got involved as a replacement for sports betting, given no games would be played for the foreseeable future. Others became active on the app after they watched their tried-and-true strategy of holding the S&P index meltdown over the previous weeks. It was time to take matters in hand. Many started trading purely for the dopamine hit.