Tag Archives: Robinhood

Last week, Robinhood’s third-quarter earnings fell well below Wall Street estimates, causing the company’s share price (HOOD) to sink more than 10%. With crypto trading down 78% from the prior three-month period, the company needs to lure more investors to use their platform, especially for trading cryptocurrency. Now it’s offering free dogecoin (DOGE-USD) along with BTC and ETH through a sweepstakes in partnership with fast-food giant Burger King, which is owned by Restaurant Brands… Source link

The Shiba Inu breed is a muse in the crypto world. Getty Images Shiba inu has has seen astronomical gains over the last year, but Robinhood users have missed out. The meme coin is unlisted on the trading platform, but an online petition is aiming to change that status. Robinhood’s chief said the platform is waiting for more regulatory clarity on further coin listings. The price of the Shiba inu coin has sprinted up exponentially over the last 12 months but people who exclusively use Robinhood… Source link

Robinhood (HOOD) customers have been clamoring for the investing app to add Shiba Inu (SHIB-USD), the newest meme coin which hit all time highs on Thursday.  A change.org petition with over 300,000 signatures is asking Robinhood to list the SHIB token, as it’s known. Judging by the meme coin’s popularity, Robinhood knows listing it would likely bring in new accounts. But the company appears to be treading carefully around new meme assets — one of the drivers for its success in the… Source link

Robinhood (HOOD) will report earnings on Tuesday after the closing bell. These are the metrics Wall Street analysts will be expecting for the investing app’s third quarter results, according to consensus estimates compiled by Bloomberg. Investors will be paying attention to commentary around the company’s recently announced crypto wallet. CEO Vlad Tenev recently told CNBC more than 1 million people are on the waiting list since announcing the wallet last month.  Cryptocurrency has becoming… Source link

On Monday at 7:16 p.m. EDT, a weird email hit my inbox. Robinhood (HOOD), the online brokerage that has shaken up retail investing, told me it had approved an account in my name. A second email the next day urged me to link my bank account to Robinhood so I could trade my first stock. This was strange because I’ve never contemplated trading individual stocks. Sure, I work for a news site with a large audience of retail investors, but I’ve never been part of those ranks. While initially I… Source link

(Bloomberg) — Robinhood Markets Inc. and Citadel Securities responded to renewed criticism of their actions during January’s meme-stock frenzy, after retail investors filed a class-action lawsuit last week. Most Read from Bloomberg Citadel Securities, whose founder Ken Griffin testified about the episode during a February congressional hearing, fired off a series of tweets late Monday denying allegations that it pressured Robinhood to restrict trading. Robinhood, led by Chief Executive… Source link

By Herbert Lash NEW YORK (Reuters) -Shares of Robinhood Markets Inc, a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that PayPal Holdings Inc may start an online brokerage and a report saying regulators were looking at a possible ban on a practice that accounts for the bulk of the company’s revenue. Shares of Robinhood extended an early decline after CNBC reported that PayPal was exploring ways to let U.S. customers trade individual stocks on its… Source link

Benzinga has examined the prospects for many investor favorite stocks over the past week. Last week’s bullish calls included big tech stocks and a rare earth materials producer. Cryptocurrency and the leading electric vehicle maker were among the bearish calls seen. The past week was another rough one on Wall Street, with the tumult in Afghanistan giving investors something new to worry about, in addition to the ongoing concerns about the Delta variant, China, inflation, Federal Reserve… Source link

Robinhood’s (HOOD) earnings call included a series of previously submitted shareholder questions ranging from “Will HOOD pay out a dividend in the future?” to “Is Robinhood getting a crypto wallet?” The investment app has no plans to issue dividends, and as for crypto wallets, “it’s something our team is working on” but it’s currently challenging because of scale, answered CEO Vlad Tenev.  In line with the company’s “democratize finance for all” theme, the trading platform allowed… Source link

Robinhood’s (HOOD) revenue based on crypto transactions skyrocketed in the 2nd quarter, with more than 60% of its users trading digital currencies. However the company warned of lower revenue expectations for the third quarter. Shares fell about 5% in after hours.  “For the three months ended Sept 30, 2021, we expect seasonal headwinds and lower trading activity across the industry to result in lower revenues and considerably fewer funded accounts than in the prior quarter” read the… Source link