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The cofounder of $1.3 billion startup Robinhood explains a 'logical fallacy' in investing

Robinhood, the $1.3 billion San Francisco brokerage firm, is known for introducing zero-commission trades. Cofounder Baiju Bhatt told Business Insider that his company, which is popular with millennials, will never lose sight of the first-time investor. The startup recently said its user base surpassed 2 million. When Baiju Bhatt and Vladimir Tenev founded their online brokerage, Robinhood, in 2013, they did so with the intention to give ordinary people a platform with which they could tap into the wealth of Wall Street.
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