We live in a world where fintech apps have made stock trading ever easier, cheaper and more accessible. Take Robinhood, a mobile brokerage worth $8.43 billion, that has amassed over 13 million users since its inception in 2013. Beyond making it simple to sign up and zero stock trading commissions, Robinhoods success comes from gamifying the process of trading and investing.
The recent decline and fall of Hertzand the unexpected surge in its share price after it declared bankruptcyreveals the risky side of smartphone stock trading. Brand new investors need to understand the pitfalls that come from day trading stocks like Hertz.
Shares of Hertz Plunge After Bankruptcy Filing
Sometimes it can be hard to imagine large public companies going…
Read the full article at: https://www.forbes.com/advisor/investing/robinhood-bankrupt-hertz/
