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For Robinhood, The Smartest Choice Is To Keep User Data Private

by forbes.com posted 6days ago 16 views
Robinhood should maintain data privacy to shield retail investors from hedge funds and their own heat chasing tendencies. : What do you get when you combine: alluring apps, extra free time, and zero trading commissions? A retail trading boom, of course. Citadel Securities estimates around 25% of stock trading this year is linked to retail investors, up from about 10% in 2019. Many of the trades occur in Robinhood accounts. Robinhood recently made news when it stopped openly sharing its users’ trading data, but now management is rethinking that decision.

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