Tagged: robinhood

April 29, 2022 @ 10:39 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) reported earnings this week and they were dismal. Besides negative numbers on both the top and bottom lines, Robinhood reported that Monthly Active Users (MAUs) dropped by a whopping 10% going from 15.9 million in March 2022 from 17.7 million in March 2021…. Read More

April 28, 2022 @ 4:28 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social investment platform that marries digital assets with traditional securities, has reported Q1 earnings and they are a bit disappointing. Robinhood said that net revenues decreased to $299 million in comparison with $522 million in the first quarter of 2021, a whopping… Read More

April 27, 2022 @ 11:32 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) has announced it will cut employees by around 9%. The news arrives at a time when shares in Robinhood are trading at or near an all-time low. Shares in Robinhood are hovering around $9.50 – far below its 52-week high of $85/share. In… Read More

April 20, 2022 @ 8:58 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) has turned on the feature to enable extended hours of securities trading. The new feature was revealed earlier this month and turned on yesterday. Account holders may now trade during pre-market hours (7AM to 9:30AM ET) and post-market hours (4PM to 8PM ET)… Read More

April 19, 2022 @ 11:14 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has agreed to acquire UK Fintech Ziglu. In a blog post today, Robinhood said the acquisition is part of its goal to expand internationally in the UK as well as continental Europe. Ziglu is a regulated e-Money institution that operates as a neobank… Read More

April 8, 2022 @ 4:56 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) took a blow today during an overall challenging market session, as Goldman Sachs issued a downgrade from Neutral to Sell. Robinhood is a social trading platform allowing users to trade both traditional securities alongside crypto. Last week, Robinhood shared that its goal is… Read More

April 3, 2022 @ 2:41 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) had some positive news last week. First, in a blog post, Robinhood shared its ambition to offer 24/7 stock trading – just like crypto markets operate today. Robinhood stated: “As an important step towards 24/7 equities investing, we’re launching new extended hours that… Read More

March 27, 2022 @ 6:55 pm By Omar Faridi  |  

The team at Robinhood (NASDAQ:HOOD) recently noted that they are excited to share that Micky Malka is joining Robinhood Markets’ Board of Directors “effective March 23.” Vlad Tenev, CEO and Co-Founder of Robinhood, stated: “As an early investor in Robinhood, Micky has been a partner… Read More

February 24, 2022 @ 2:53 pm By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) recently teamed up with Amplify Latinx via an investment that celebrates their fifth anniversary and supports their ongoing work to uplift the Latinx community. The Massachusetts-headquartered nonprofit Amplify Latinx aims to support Latinx communities by enhancing their economic power. This is done by… Read More

January 23, 2022 @ 4:31 pm By JD Alois  |  

Last May 2021, it was announced that Acorns, a digital wealth management platform, would become a publicly traded firm in a SPAC deal valued at $2.2 billion. Last week, it was announced the SPAC merger had been axed. Pioneer Merger Corp (NASDAQ: PACX), the SPAC… Read More

January 12, 2022 @ 9:55 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) has embraced the work from home (WFH) movement by making it permanent as the ongoing COVID health challenge and  new technology combine to create the perfect storm to make centralized offices superfluous. In a blog post, Robinhood said it would remain “primarily remote”… Read More

January 11, 2022 @ 4:12 pm By Omar Faridi  |  

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

January 10, 2022 @ 7:24 pm By Omar Faridi  |  

The team at Robinhood (NASDAQ:HOOD) says they are pleased to announce Steve Quirk is joining Robinhood Markets as its Chief Brokerage Officer. Robinhood writes in a blog post that Steve Quirk will be responsible for overseeing their broker-dealers, Robinhood Financial and Robinhood Securities, “effective January… Read More

December 30, 2021 @ 7:24 pm By Omar Faridi  |  

In September of this year, the team at Robinhood (NASDAQ:HOOD) had announced that crypto wallets were coming to the platform—enabling clients to not only trade, but send and receive virtual currency via the Robinhood app. Robinhood wrote in a blog post that they’d long heard… Read More

December 22, 2021 @ 3:58 pm By Tony Zerucha  |  

There was no surprises at the top when GlobalData released the top 10 cryptocurrencies for 2021 in terms of how many social media conversations they generated through the year, up to Dec. 9. Twitter and Reddit feeds were monitored. Bitcoin generated close to 900,000 discussions… Read More

December 14, 2021 @ 5:05 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) is boosting its crypto tool kit in advance of launching its bespoke digital wallet. According to a blog post, Robinhood has acquired Cove Markets – a cross-exchange trading platform that is designed to help investors manage their crypto accounts. Robinhood says the two… Read More

December 13, 2021 @ 7:49 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has enlisted the assistance of top digital asset compliance firm Chainalysis in advance of wide release of its digital wallet. According to a statement by Chainalysis, Robinhood will be using its Know Your Transaction (KYT) and Reactor software for compliance management. Robinhood already… Read More

November 23, 2021 @ 5:06 pm By JD Alois  |  

Earlier this month Robinhood (NASDAQ:HOOD) revealed that data had been stolen from its trading platform. More specifically, a hacker obtained a list of emails for 5 million individuals, full names for around 2 million people, and personal information, including dates of birth, zip codes, and… Read More

November 19, 2021 @ 11:18 am By Tony Zerucha  |  

A review of the Securities and Exchange Commission’s (SEC) enforcement actions in this fiscal year show a growing threat posed by cryptocurrency and decentralized finance (DeFi) scammers. The year ended Sept. 30. The SEC filed 434 new enforcement actions in FY2021, and that is a… Read More

November 17, 2021 @ 3:01 pm By Tony Zerucha  |  

Neo Financial, a Canadian fintech based in Winnipeg, Man., has made great strides since its founding in the fall of 2019. This week Neo Financial received $1.6 million from the Province of Manitoba’s Industry Expansion Program to train 300 new and 32 existing employees in… Read More