[MUSIC PLAYING]
kara swisher
I’m Kara Swisher, and you’re listening to “Sway.” Trying to democratize Wall Street is nothing new. Online trading companies like E-Trade have been around since the ‘80s. In fact, I rang in Y2K at its offices, waiting to see if its system would melt down. It didn’t. History repeats itself, and amateur trading has come back in a very big way. Retail investing skyrocketed during the pandemic, with more than 10 million new brokerage accounts in 2020, the most ever in a year. And trading by individuals made up a bigger chunk of the action than at any time in the past decade. And the root of it all? Apps like Robinhood or Public, the latest retail trading unicorn. Public is part brokerage and part social media. That could be a genius mashup or dangerously court the worst of both worlds. I wanted Public C.E.O. Jannick Malling’s take on the responsibility retail trading apps have to the individuals who are risking their savings and incomes. It’
Two months after raising $65 million, Public com raises $220 million in funding
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