Trading platforms are being valued like high-margin video games
Amid all the news of the last few days, you might have missed that eToro, an Israeli consumer stock-trading service, is going public in the United States via a SPAC.
Don’t worry about the SPAC bit: If you want a rundown of the deal itself, Mary Ann has you covered. What matters for our purposes is that eToro competes with Robinhood in the United States, though it retains a strong European user base. And, thanks to the fact that it is SPACing itself onto the public markets, …