Robinhood Focuses On Young Investors, Hits Milestones

Robinhood’s Co-CEO said that the free stock trading app’s impressive growth leads back to its focus on attracting a younger generation of customers. At the end of 2019, the company revealed that it had reached more than 10 million accounts, growing its user based tenfold in about three years. Vladimir Tenev, who launched Robinhood with fellow CEO Baiju Bhatt in 2013, told CNBC that the company aimed to bring “disenfranchised” millennials into investing, adding that the milestone is “a testament to what we’ve been able to do...