Robinhood stock soars past many blue-chip US firms after its valuation hit over $70 billion in early trading session at the Nasdaq
The value of Robinhood trading app has shot up, making it more valuable than many of the US blue-chip firms such as Ford.
Even ahead of its initial public offering, experts warned that Robinhood's stock could be primed for a more jagged ride than others on Wall Street because of its popularity among smaller investors. Cathie Wood, a star stock picker who focuses on innovative companies, has bought shares, for example. Robinhood is already delivering the strong growth that Wall Street is always hungry for: Revenue soared 245 percent last year to $959 million.
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