Robinhood hits back at Buffett for retail trading comments

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'People are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing,' says a Robinhood executive.

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"If the last year has taught us anything, it is that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing," said aon Robinhood's website by its head of public policy communications Jacqueline Ortiz Ramsay published on Monday, May 3.

In a statement published by CNBC, Robinhood said that there is an"old guard that doesn't want average Americans to have a seat at the Wall Street table so they will resort to insults. The future is diverse, more educated, and propelled by engaging technologies that have the power to equalize."

 

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