Tagged: vlad tenev

February 14, 2024 @ 10:39 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ: HOOD) announced financial results for the fourth quarter and full year 2023, and investors are responding positively to the news. Topping analyst expectations, currently, Robinhood is trading over 12% higher than its market close price from yesterday. The company reported total… Read More

December 3, 2023 @ 2:58 pm By Omar Faridi  |  

Robinhod (NASDAQ: HOOD) Chief Executive Officer Vlad Tenev recently said that he does not think that the payment for order flow (PFOF) model of market-maker routing that the firm incorporates in the United States is under any type of threat. This would be despite suggestions… Read More

November 7, 2023 @ 4:29 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) has posted Q3 earnings results, and the company reported net revenues of $467 million an increase of 29% when comparing the same period last year. At the same time, Robinhood booked a net loss of $85 million or an EPS of -$0.09,… Read More

August 3, 2023 @ 3:55 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) posted Q2 2023 earnings yesterday reporting its first quarterly profit. Yet, shares declined on the news as investors wondered about other metrics, including a decline in users. Robinhood said that total net revenues increased 10% sequentially during the quarter to $486 million, primarily… Read More

May 11, 2023 @ 9:17 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) reported Q1 2023 results yesterday which were perceived as better than anticipated by investors. Robinhood said that net revenues increased 16% sequentially to $441 million, with transaction-based revenues increasing as well by 11% to $133 million. Crypto trading, once a big driver of… 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

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

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 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

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

July 19, 2021 @ 2:46 pm By JD Alois  |  

Robinhood’s initial public offering (IPO) is nearing as it fine-tunes its registration statement for the Securities and Exchange Commission. As was reported earlier today, more details on the IPO were shared in an updated S-1 posted today. Robinhood is expected to float its shares on… Read More

April 29, 2021 @ 3:17 pm By Omar Faridi  |  

Leading digital investment platform Robinhood is facing numerous lawsuits from clients. The Fintech firm’s clients have been complaining about the lengthy delays when it comes to resolving their account issues. These problems have led to many users being unable to access their funds for months,… Read More

February 17, 2021 @ 5:29 pm By JD Alois  |  

The House Committee on Financial Services will hold the first of three hearings on the Gamestop – Robinhood saga that saw hedge fund short sellers compelled to sell positions in a short squeeze driven by collaborative trading that was organized on Reddit. Entitled, “Game Stopped?… Read More

February 13, 2021 @ 11:10 am By JD Alois  |  

The House Committee on Financial Services, Chaired by Maxine Waters, has announced the witnesses on the forthcoming hearing entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” Witnesses include: Vlad Tenev, Chief Executive Officer, Robinhood Markets, Inc. Steve Huffman, Chief Executive… Read More

February 5, 2021 @ 8:51 am By Omar Faridi  |  

Balaji S. Srinivasan, a prominent angel investor and entrepreneur, says that Fintech is “the frontend,” while crypto is like “the backend.” Balaji, the former CTO at leading digital asset exchange Coinbase, points out that Fintech and blockchain/crypto technologies have been “built mostly in parallel over… Read More

February 1, 2021 @ 6:32 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, has scheduled a hearing to address the trading in Gamestop shares as well as the broader issue of market volatility. The hearing, entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media,… Read More

January 27, 2021 @ 11:30 am By Samantha Hurst  |  

  Vlad Tenev, the CEO of modern trading platform Robinhood, sat down with Andrew Ross Sorkin to discuss how he thinks markets will be affected post the COVID-19 pandemic. The discussion notably happened amid retail investors piling into equities at a rapid rate in the… Read More