The fintech world has been rocked this week with the news that eToro is due to be listed on the Nasdaq with a valuation of over $10bn.
In an announcement to their clients this week, Yoni Assia a Co-founder and CEO of eToro, beamed with satisfaction. Their vision of making 'trading simple and transparent' has paid off handsomely for their investors.
The startling revelation on their website though is that 67% of investors using eToro lose money. So how is this company worth over $10bn, when essentially what they're doing is parting people from their savings?
Full Press Release: https://pressat.co.uk/releases/etoro-is-now-worth-10b-could-the-portfolio-platform-be-next-3df2bafd4c4da4adadc12fd486b7bd85/