PERSONAL FINANCE Robinhood IPO Started Trading

New York (CNN Business)Robinhood's initial public offering is arguably the most eagerly awaited of the year. But according to commentary on Reddit, it's one of the least popular for some traders.

There appear to be a lot of angry individual investors — the so-called apes of Reddit — who want nothing to do with the company or the stock. Some are even threatening to short the stock, betting it will go down.

Shares were down about 5% in late afternoon Thursday after opening at the initial public offering price of $38. Robinhood had fallen as much as 10% at one point.

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