Robinhood Stock Plunges to Its IPO Price as Q3 2021 Crypto Revenues Disappoint
(Robinhood) Robinhood Markets Inc.'s shares fell more than 10% on Wednesday to trade at around its July $38 IPO price after its crypto revenue fell 78% to $51 million in…
Wood’s Ark Invests $10 Million in Under-Pressure Robinhood. Dumps Tesla Again
(Bloomberg) Cathie Wood’s Ark Invest added at least 236,000 shares of Robinhood on Tuesday, with an estimated value of $10 million. The fund unloaded 89,000 shares of Tesla valued at…
No Ban on Payment for Order Flow? Robinhood’s Legal Officer Alleges So
(CNBC) Dan Gallagher, the chief legal officer at Robinhood, says he does not expect the Securities and Exchange Commission to ban the controversial payment for order flows. Gallagher, who previously…
Robinhood Unveils a $1 Recurring Crypto Purchase Feature With No Fees
(Decrypt) Robinhood unveiled a new feature on Wednesday that enables its crypto customers to buy coins daily, weekly, and monthly with as little as $1. Christine Brown, the COO of…
Robinhood Sinks to $502 Million Loss in Q2 Despite a Jump in Assets under Custody
(Robinhood) Robinhood announced a net loss of $502 million in the second quarter, from a profit of $57.6 million in the same quarter last year. The net loss came despite…
Robinhood to Debut on Thursday after Pricing its IPO at a Conservative $38 Per Share
(WSJ) Robinhood Markets Inc. is expected to start trading on the Nasdaq exchange on Thursday after pricing its IPO at the bottom of range at $38 per share. Robinhood had…
Robinhood Approves Payment of $70 Million to Clear Regulatory Investigation
(WSJ) Online brokerage Robinhood Financial LLC has agreed to pay approximately $70 million to clean regulatory accusations over its trading practices and technology outages. Robinhood is accused of misleading customers,…
Futu and Tiger Defy Crypto Crackdown in China in International Expansion
China’s Futu and Tiger Brokers are seeking a Singapore and U.S license to avail trading in digital tokens, according to CNBC. The companies, set to rival stock trading app Robinhood,…
Robinhood Raises Additional $2.4 Billion, Eases Trading Restrictions
Robinhood Markets’ investors added $2.4 billion on Monday, raising cash infusions to the online brokerage firm to $3.4 billion, according to Bloomberg. The firm aims to use the fresh funds…
5 Top Tech IPOs to Look For
The number of technology companies going public has increased in recent months amid the coronavirus pandemic. Some of the most popular companies that have gone public recently are Snowflake, Asana,…