Robinhood’s Race to Seize Its Moment Faces a Harsh Reality (1)

July 30, 2021, 1:41 PM

It was supposed to be a triumph for today’s memeified markets -- a validation for all those amateurs who took on the Wall Street pros.

Instead, the public debut for Robinhood Markets Inc. turned out to be an embarrassment for the company that’s become synonymous with the rise of individual investors.

Robinhood traders, it turned out, had no time for Robinhood.

In fact, some of the very people who flocked to the firm’s free-trading app to buy meme stocks like GameStop Corp. and AMC Entertainment Holdings Inc. this year appeared to take glee Thursday as the company’s share price slid. ...

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