Tagged: robinhood

December 7, 2022 @ 4:51 pm By JD Alois  |  

In a very difficult economic environment, Robinhood (NASDAQ:HOOD) has published select data points highlighting platform operations. According to the trading platform: Net Cumulative Funded Accounts (NCFA) at the end of November were 23.0 million, up approximately 40 thousand from October 2022. Monthly Active Users (MAU)… Read More

December 6, 2022 @ 8:52 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social investment platform that combines traditional and digital assets, has announced a new retirement offering. According to a blog post, Robinhood Retirement is available today via a waitlist that provides a 1% match minus an employer. In traditional retirement services provided via… Read More

November 3, 2022 @ 11:04 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) announced earnings yesterday that delivered a slightly better result than anticipated. Today, shares in Robinhood are inching higher – fighting a down market day – but minor gains belie a company that has lost around 2/3s of its value since its initial public… Read More

October 12, 2022 @ 4:51 pm By Omar Faridi  |  

Opportunity Crypto will stop in five different communities this fall, “educating individuals about cryptocurrency, including the risks and opportunities.” The team at Robinhood (NASDAQ:HOOD) asked if you ever wondered “what is crypto” or “is crypto right for me”? In line or consistent with their mission… Read More

September 22, 2022 @ 9:56 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social trading platform providing access to both traditional securities and crypto, is seeing a bump in its share price as chatter indicates that the practice of Payment for Order Flow – will remain in place. Robinhood promotes is a fee trading service… Read More

August 22, 2022 @ 5:25 pm By JD Alois  |  

Earlier this year, Robinhood (NASDAQ:HOOD) made a big announcement regarding expanding services across the Atlantic. The social investment platform announced the acquisition of Ziglu in the UK – an FCA-regulated e-Money platform and crypto asset provider. All subject to regulatory approval, of course. A few days… Read More

August 3, 2022 @ 4:39 pm By Omar Faridi  |  

Parafin, a Fintech firm that’s being led by ex- Robinhood Markets Inc. professionals, has acquired $60 million in funding as part of its second investment round. Established in 2020 by Ralph Furman, Sahill Poddar, and Vineet Goel, Parafin works cooperatively with firms like DoorDash Inc…. Read More

August 2, 2022 @ 5:28 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) released Q2 2022 financial results that delivered a sequential increase in net revenue of 6% or $318 million, but the slight improvement was not enough to please analysts as it was deemed a miss. Shares in Robinhood were trading at around $9… Read More

August 2, 2022 @ 1:17 pm By JD Alois  |  

The New York Department of Financial Services (DFS) has determined that Robinhood Crypto failed to maintain effective bank secrecy act (BSA) and anti-money laundering (AML) compliance in regards to reporting requirements. Adrienne A. Harris, Superintendent of Financial Services, said Robinhood Crypto will pay a $30… Read More

June 27, 2022 @ 4:02 pm By JD Alois  |  

Sam Bankman-Fried is acting once again to take advantage of significantly lower valuations in a struggling marketplace. Rumors claim that Bankman-Fried is looking to purchase Robinhood via his crypto exchange FTX. While no deal yet, the rumblings have caused shares in Robinhood (NASDAQ:HOOD) to rise… Read More

June 7, 2022 @ 9:05 am By JD Alois  |  

Ziglu, a UK-based e-Money institution and crypto platform, has announced a partnership with  ClearBank, a “cloud-based clearing bank.” ClearBank is regulated by the UK Financial Conduct Authority and the Prudential Regulation Authority. According to a company statement, Ziglu will be utilizing ClearBank’s platform to provide… Read More

May 12, 2022 @ 9:02 pm By JD Alois  |  

Sam Bankman-Fried, founder and CEO of FTX, has purchased a 7.62% stake, or 56,273,469 shares in Robinhood (NASDAQ:HOOD). Bankman-Fried paid $648,293,886.33 for the shares. The share were purchased at an average price of $11.52/each. The purchase was revealed in a filing with the Securities and… Read More

May 5, 2022 @ 7:04 pm By JD Alois  |  

This is interesting. Robinhood (NASDAQ:HOOD) announced this week that its account holders will now enable “Stock Lending.” To quote Steve Quirk, Chief Brokerage Officer at Robinhood: “Our version of Stock Lending empowers customers to put their investments to work while keeping it simple. Robinhood does… Read More

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