Robinhood, the app-based trading platform, looks set to hit the public markets this year after filing confidential paperwork with the Securities and Exchange Commission this week. It has been among the most talked about firms on Wall Street as retail investing has grown in popularity amid the pandemic, and more recently, as Reddit-fueled investors used the platform to buy up heavily shorted stocks like GameStop (GME). But Robinhood is far from the only financial technology, or fintech, startup… Source link
Read More »Google Exec Aparna Chennapragada To Lead Product At Robinhood
MOUNTAIN VIEW, CA – MAY 08: Aparna Chennapragada, vice president of Product for AR, VR and … [+] Vision-based products speaks during the opening keynote address at the Google I/O 2018 Conference at Shoreline Amphitheater on May 8, 2018 in Mountain View, California. Google’s two day developer conference runs through Wednesday May 9. (Photo by Justin Sullivan/Getty Images) Getty Images Ahead of its IPO offering, Robinhood hired Aparna Chennapragada, a… Source link
Read More »Robinhood appoints former Google executive as first chief product officer
FILE PHOTO: Aparna Chennapragada, vice president of product for AR and VR at Google. speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. REUTERS/ Stephen Lam (Reuters) – Robinhood Markets Inc has appointed former Google executive Aparna Chennapragada as its first chief product officer, a blog post by the U.S. online brokerage showed on Wednesday. The blog said Chennapragada will oversee product, design and research at Robinhood, which… Source link
Read More »Robinhood appoints former Google executive as first chief product officer
FILE PHOTO: Aparna Chennapragada, vice president of product for AR and VR at Google. speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. REUTERS/ Stephen Lam (Reuters) – Robinhood Markets Inc has appointed former Google executive Aparna Chennapragada as its first chief product officer, a blog post by the U.S. online brokerage showed on Wednesday. The blog said Chennapragada will oversee product, design and research at Robinhood, which… Source link
Read More »Robinhood responds to Charlie Munger’s criticism: ‘Disappointing and elitist’
Berkshire Hathaway Vice Chairman Charlie Munger gave his views about Robinhood, zero-commission trading, and the GameStop frenzy on Wednesday. Speaking at the Q&A portion of the annual meeting of the Daily Journal, a technology and publishing company where Munger is also executive chairman, the 97-year-old held little back, impugning the no-commission business model as “a dirty way to make money.” When asked about the GameStop trading frenzy that unfolded in January, Munger said his views… Source link
Read More »High asset prices ‘might have been affected’ by Robinhood, WallStreetBets
TipRanks The Bottom Is in for These 2 Stocks? Analysts Say ‘Buy’ Today, we’re looking at two small-cap biotech firms whose stocks have struck a rut. Each company has hit a recent clinical setback that sent the share price falling, erasing previous gains and sending it back down to low levels. Setbacks of this sort are not uncommon in the biotech industry, and in fact highlight the risk and speculative nature of the industry. So what should investors do, when a stock collapses? Is this a… Source link
Read More »Robinhood CEO Goes To Confessional: Vlad Tenev Admits Mistakes On Chamath Palihapitiya's Podcast – Yahoo Finance
TipRanks Morgan Stanley Storms Into the EV Space; Offers 2 Stocks to Buy We are indeed living in interesting times – and in many ways, that’s a good thing. Take the automotive industry, for example. Technology is changing a rapid pace, and when it settles, it will dramatically change the way we drive. In 2030, our concept of ‘car’ will likely be unrecognizable to drivers from 1980. The biggest changes are coming from power systems and artificial intelligence. AI will bring autonomous tech… Source link
Read More »Trader: Robinhood, Reddit/GameStop drama suggests Wall Street has a 'plumbing issue' – Yahoo Finance
The Reddit-fueled frenzy behind GameStop’s (GME) surge last week — burning hedge fund short sellers and forcing Robinhood to curb activity in a clutch of hot stocks — illustrates a “plumbing issue” that exists in trading markets, according to one trader. The frenetic retail trading that took place over the last several weeks, roiling global markets in the process, creates a flood that blows away traditional risk management, veteran trader Peter Borish told Yahoo Finance. “I think… Source link
Read More »Robinhood Is Down To 1 Star On Google’s Mobile App Store Again, This Time Google Won’t Intervene
Topline Online stock trading platform Robinhood has seen its review score on Google’s mobile app store plummet to a one-star rating out of five for the second time in less than a week, as irate users flooded the app with negative reviews in retaliation to its decision to curb the trading of several popular but volatile meme stocks like GameStop and AMC last week, highlighting how anger over the incident still persists among online traders. Robinhood’s app has been… Source link
Read More »‘Spill the beans man:’ Tesla’s Elon Musk grills Robinhood CEO on GameStop/Reddit trading saga
Tesla’s (TSLA) CEO Elon Musk spontaneously interviewed Robinhood CEO Vlad Tenev for 14 minutes late Sunday evening, injecting himself into the fray of the retail investing frenzy that’s sent markets into a tailspin, and put the trading app on the defensive. The billionaire jumped on the invite-only voice chat app Clubhouse to answer questions ranging from colonizing Mars to Bitcoin (BTC-USD) late Sunday night. Yet toward the end, Musk ended up grilling Tenev on behalf of outraged individual… Source link
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