British stock trading app Freetrade finally turned a small profit in the first quarter of 2024. This is significant as the company had been making losses in previous years. The positive results have encouraged investors who have been waiting for the company to become profitable. Despite facing competition from large players like Robinhood, Freetrade's CEO remains confident about its growth prospects.
Webull, a digital investing platform, is set to go public through a merger with a special purpose acquisition company (SPAC), valuing the company at $7.3 billion. The combined company will trade on Nasdaq as "Webull." Webull has gained popularity with experienced investors who use its analytical tools to make trading decisions, and experienced a surge in users during the pandemic as people began trading stocks.
