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What Robinhood’s IPO tells us about the difference between disruption and irresponsibility
The IPO of U.S. online broker raised , but has been ranked as : shares and then , reflecting market concerns about its business model.
Robinhood has undoubtedly disrupted the market. Its easy-to-use app allowed anyone to buy and sell shares without commissions, which on occasion has created unprecedented instability while driving the development of so-called .
In general, removing entry barriers is a common source of innovation and disruption, which is no bad thing. The problem is what you do with the disruption you are able to generate, and Robinhood is a very clear example of irresponsible behavior. Since its creation, Robinhood has managed not only to make it easy for anyone to buy shares, but also to gamify the process and turn it into something addictive, . The company has done it all wrong and demonstrated : poor , , and .
, but that depends not only on…
