Are companies like Robinhood fueling the racial wealth gap?
OPINION: It can be argued that no company preys more on low-income people than the oxymoronically named financial services company
Robinhood financial investing app on a mobile device. (Photo: Adobe Stock)
As the pandemic rages on many desperate Americans are having to choose between rent and putting food on the table. Looking to do both, some are using platforms like
Robinhood to invest.
Last week, many thought they hit the jackpot, only to have their ability to buy and sell stocks like
AMC and
A notification about commission-free trading is displayed on the Robinhood application on December 17, 2020 in San Anselmo, California. (Photo Illustration by Justin Sullivan/Getty Images)