The Silicon valley startup that caused wall street chaos

The online trading app Robinhood became a cultural phenomenon and a Silicon Valley darling with a promise to wrest the stock market away from Wall Street’s traditional gatekeepers and “let the people trade” — making it as easy to put millions of dollars at risk as it is to summon an Uber.

Daily Current Affairs Quiz 2021

Baiju Prafulkumar Bhatt (born 1984) is an Indian-American billionaire entrepreneur of Gujarati descent. He is the co-founder, along with Vladimir Tenev, of Robinhood, a US-based financial services company.

Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.

On January 28, 2021, Robinhood restricted the trading of certain stocks following an effort by users of r/wallstreetbets subreddit to drive up their price. This decision attracted condemnation from internet users on the subreddit and on Twitter.