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Trader Digest: Robinhood Turns Trading into a Pandemic Pastime

This week in Trader Digest we've seen how Robinhood turned people in lockdown to the trading lifestyle, how somebody used a GoFundMe page to scam their friends out of $100,000, and Morgan Stanley struggle with the new WFH life...

WHAT WE’RE READING

Morgan Stanley Sounds the WFH Conduct Alarm
‘Wall Street used to worry that business would be severely impaired if employees ever lost access to their office and the high-tech workstations on which they depend. The Covid-19 pandemic changed all that.’ BLOOMBERG

Robinhood’s Addictive App Made Trading a Pandemic Pastime
‘On March 2, just before offices shuttered across the U.S., the staff at Robinhood Markets Inc. worked long after sunset in their Menlo Park, Calif., headquarters. Executives huddled around co-founder Vlad Tenev, then disbanded to bring orders back to their teams. The company faced an emergency’. BLOOMBERG

I Watched My Friend Dying on Facebook. But It Was All a GoFundMe Scam.
‘How a group of friends ended up donating over $100,000 to a sick friend — who was perfectly fine’ ONE ZERO.MEDIUM

First ‘Narco-Submarine’ Caught After Crossing the Atlantic
‘ALDÁN, Spain—In a craggy bay here early one morning last year, police watched three men clamber from the hatch of a curious vessel barely breaking the surface of the Atlantic Ocean.’ THE WALL STREET JOURNAL

WHAT WE’RE LISTENING TO

10 years of Instagram: How it Has Transformed Our Lives
‘This October marks 10 years since the launch of Instagram. Tech journalist Sarah Frier looks at how it went from a tiny startup to a multibillion-dollar business, and the impact the social media company has had on our lives’ THE GUARDIAN

13 Minutes to the Moon
‘With no idea how to get there, the race to the moon begins – "we intend to win". To understand how the story ends, we need to start at the very beginning.’ BBC

WHAT WE’RE WATCHING

My Octopus Teacher
‘A filmmaker forges an unusual friendship with an octopus living in a South African kelp forest, learning as the animal shares the mysteries of her world.’ NETFLIX

Molly’s Game
‘Molly’s Game is based on the true story of Molly Bloom, an Olympic-class skier who ran the world’s most exclusive high-stakes poker game for a decade before being arrested in the middle of the night by 17 FBI agents wielding automatic weapons.’ AMAZON