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Milford, IL |
I read the article. "The startup (Robinhood), valued at $5.6 billion, was bringing in more than 40 percent of its revenue earlier this year from selling its customers’ orders to high-frequency trading firms, or market makers, like Citadel Securities and Two Sigma Securities..."
Robinhood may need to rethink that valuation after today. I'll speculate Robinhood value goes to no dollars and the IPO never happens. | |
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