“Online stock trading app Robinhood, whose core demographic has an average age of 30, says that Thursday was its biggest day ever, and that 43% of all its traders that day went for Snap stock. ‘Snap’s IPO revitalized investing among the younger generation,’ notes Baiju Bhatt, the co-founder of Robinhood. ‘We also saw a surge in new accounts, with many new customers opening up their first brokerage account.’ The median age of Robinhood investors buying Snap on Robinhood has been 26, the same age as Snap CEO Evan Spiegel.”
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