Robinhood Stock Stumbled In Its Debut. The Reddit Crowd Rejoiced. – Barrons

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The rise of this past year’s retail investor movement led by users on Reddit forums such as WallStreetBets has been inextricably linked with Robinhood Markets and the proliferation of commission-free trading. But some members of the Reddit crowd didn’t want anything to do with the company’s high-profile initial public offering on Thursday.

WallStreetBets has attracted 10.7 million subscribers, with most joining this year. The group of retail investors has grown so large that data providers like Thinknum sell stats on stocks…