Yoni Assia, founder and CEO of eToro: “The world is becoming more volatile. Instability will increase even further”
The Israeli-born entrepreneur believes that the breakthrough of AI can usher in a long era of high growth.
Yoni Assia created eToro along with his brother Ronen almost two decades ago. Today it is one of the largest online investment platforms in Europe and has been listed for a year on the US Nasdaq, where the brothers' father, David Assia, already placed a computer company in the 1990s. This week it has announced the purchase of TradeZero, a US firm that offers more complex financial transactions to specialized operators, for $231 million.
Born 45 years ago in Savyon, a city a few kilometers from Tel Aviv, Assia responds by videoconference to EL PAÍS, on the same day that it presents the accounts for the second quarter, in which it recorded a net profit of $53 million, 77% more. Although the business seems to be picking up, the investment technology group has lost more than 40% of its value since its stock market debut.
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