Robinhood Markets, Inc is a financial services platform that pioneered commission-free stock trading with no account minimums and fractional share trading. The firm is focused on providing retail brokerage and offers trading in U.S. listed stocks and Exchange Traded Funds, related options, and cryptocurrency trading, as well as cash management, which includes debit cards services. The company was founded by Vladimir Tenev and Baiju Prafulkumar Bhatt in 2013 and is headquartered in Menlo Park, CA.
Robinhood fell victim to a hack this week, promoting a scam token to its followers.
The collapse of FTX isn’t done causing chaos just yet, with the Justice Department now turning its eyes to shares in Robinhood.
The FTX disaster has acted as an arrow straight to the heart of Robinhood as crypto-linked equities see $10bn in value wiped off.
Robinhood’s come through with an earnings beat, despite some concerning metrics about the platform’s user base.
Robinhood is moving further into the world of crypto but it’s doing so at kind of a bad time, with most of the market keeping their crypto close amid the winter frost.
A decision from the SEC on payment-for-order-flow (PFOF) sends HOOD whipsawing around the chart as traders and investors consider their mixed feelings on the matter.
Robinhood would prolly like to disappear into the thick of Sherwood Forest as claims of market manipulation come looking for them.
Robinhood leaves its band of investors feeling not-so-merry after dropping its Q2 earnings report a day early, fitted with news of job cuts and “unsettling challenges”.
The rumor mill is busily churning away, generating hot goss that Robinhood is in the throes of takeover talks with FTX.
The SEC’s Gary Gensler wants to overhaul the stock trading market, taking aim at one of Robinhood’s (and others) biggest sources of revenue.
Robinhood looks set to tread on some toes as it launches its own crypto wallet.
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