Tag Archives: Robinhood

Online brokerage Robinhood (HOOD) is rolling out retirement accounts for users of its mobile app, a move that comes as the retail trading frenzy that lifted the company’s fortunes last year fades. Robinhood will offer customers a 1% match on its traditional or Roth IRAs, the company said Tuesday. Users can start investing on deposits of up to $1,000 before contributions settle into their accounts. The launch brings Robinhood closer to competing more directly with established brokerages like… Source link

Retail trading app Robinhood (HOOD) reported third quarter-earnings Wednesday showing the company beat revenue and earnings estimates thanks to higher interest earned from rising rates. But the platform fell short on maintaining monthly active users at consensus expectations. It lost 1.8 million monthly active users for the period, a quarterly decrease of 12.8% to 12.2 million, the lowest level since it listed as a publicly traded company. Shares of HOOD, which have sold off more than 33% year… Source link

The cryptocurrency exchange FTX is reportedly considering a deal to acquire digital trading platform Robinhood (HOOD), Bloomberg reported Monday, citing unnamed people familiar with the deal. Robinhood has not yet received a formal notice from FTX of any such takeover, the report said, while adding that FTX could ultimately choose not to pursue a purchase. The report of a potential acquisition by FTX comes just over a month after Sam Bankman-Fried, the CEO and founder of FTX, disclosed a 7.6%… Source link

Crypto billionaire Sam Bankman-Fried took a 7.6% stake in Robinhood Markets.FTX Crypto billionaire Sam Bankman-Fried disclosed that he owns about 56.3. million shares in Robinhood Markets. News of his 7.6% stake in Robinhood sent shares of the trading platform up over 30% in late trade. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX. Shares in Robinhood Markets surged more than 30% in late trade after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the online… Source link

Robinhood (HOOD) stock has been on a downtrend since its IPO in July of last year. The financial services company, which aims to “democratize finance for all,” also recently produced a lackluster earnings report for Q1 2022. Amid Robinhood’s financial woes, finance YouTube channel host and retail trader Matt Kohrs believes the outlook is bleak for the company’s stock. “At least from the retail trading community, which I’m happily a member of, I don’t really think the sentiment has… Source link

Berkshire Hathaway Vice Chairman Charlie Munger did some kicking of a downed dog on Saturday. “Wasn’t that pretty obvious that something like that was going to happen?” Munger said during the Berkshire Hathaway annual shareholders meeting after bringing up Robinhood’s business troubles, later adding the company’s business model “was disgusting… God is getting just. … There’s been some justice.” A spokesperson for Robinhood didn’t immediately return Yahoo Finance’s request for… Source link

Robinhood (HOOD) is launching a Cash Card and banking on consumer spending trends to unlock its next growth opportunity. For each transaction, Robinhood Cash Card customers can decide whether to round up their change to the nearest dollar when they make purchases and they can then choose an investment asset to direct their spare change to. “The next generation has a high interest in investing, but it is out of reach for many because they’re caught up in the cycle of spending” Robinhood… Source link

Robinhood Markets (HOOD) is scheduled to report its fourth-quarter earnings on Thursday after the closing bell, as shares of the commission-fee trading platform have been trading at all-time lows. Here are consensus estimates expected by Wall Street analysts, according to Bloomberg data.  Adjusted earnings (loss) per share: -.42 cents compared to -$2.06 reported in Q3 Revenue: $370.92 million compared to $364.92 million in Q3 The trading platform is expected to give an update on its new crypto… Source link

Retail investor interest in Robinhood’s (HOOD) forthcoming crypto wallet remains high, a company executive said at the Yahoo Finance-Decrypt cryptocurrency event on Tuesday. The wait list for Robinhood’s crypto wallet stands at 1.6 million people, Robinhood Crypto COO Christine Brown revealed at “Crypto Goes Mainstream.“ Robinhood announced plans for the crypto wallet in September, promising users the ability to send and receive cryptocurrency at speed and low cost. The wallet will also… Source link

(Reuters) -Robinhood Markets Inc said on Monday a third party had obtained access to the email addresses of about five million of its customers. The fee-free broker said the full names of a different group of about two million people were also exposed in the breach, while 310 people had more personal information, including names, birth, dates and zip codes, compromised. Robinhood said it believed no social security numbers, bank account numbers, or debit card numbers were exposed and that… Source link