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Reddit prices hotly anticipated IPO at $34 per share, valuing the social media platform at around $6.4 billion

Reddit priced its long-awaited IPO on Wednesday, selling shares at $34 each, valuing the social med…

Jennifer Sor,Erin Snodgrass   


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Reddit prices hotly anticipated IPO at $34 per share, valuing the social media platform at around $6.4 billion

Reddit priced its long-awaited IPO on Wednesday, selling shares at $34 each, valuing the social med…

Jennifer Sor,Erin Snodgrass   


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7 mins read

Robinhood vs. SoFi Invest: Which is best?

Robinhood and SoFi Invest are low-fee investment apps offering a 1% IRA match on eligible deposits.…

Tessa Campbell   


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Reddit jumps 70% in highly anticipated public-trading debut

Reddit priced its IPO on Wednesday at $34 a share, raising $748 million and valuing the company at …

Phil Rosen   


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'Spoiler alert, it isn't worth a penny': Redditors say they're not interested in participating in the platform's up-to-$748 million offering

Users on the site have shared concerns, doubts, and disinterest in participating in Reddit's hotly …

Phil Rosen   


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Loyal Reddit users could win big from its IPO

Reddit will offer 75,000 of its most frequent users the chance to buy shares in its March IPO, the …

Alex Bitter   


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Reddit reveals how much karma you'll need for a chance to buy into its IPO early

Redditors with hundreds of thousands in karma or lots of "moderator actions" have a chance to be am…

Alex Bitter   


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Some early investors who pumped funds into Robinhood amid GameStop surge were granted SEC approval to sell their shares

Investors led by Ribbit Capital pumped $3.4 billion into Robinhood following the GameStop trading h…

Natasha Dailey   


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Robinhood prices IPO at $38 per share, valuing the online brokerage app at $32 billion

The pricing comes at the bottom end of the range set by Robinhood during its investor roadshow this…

Matthew Fox   


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Robinhood drops 12% in volatile public-trading debut after IPO valuing it at $32 billion

The online trading app priced its IPO late Wednesday night at $38 per share, giving it a valuation …

Matthew Fox   


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3 mins read

'We can expect fireworks': 6 experts sound off on their expectations for Robinhood's hugely anticipated IPO

"I am struck by Robinhood's decision to reserve shares for their customers. This may be a strategy …

Isabelle Lee   


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Robinhood co-founders each stand to gain $1.4 billion in equity awards if stock price hits $101.50 by 2025

In April, Robinhood reduced the annual salary of Tenev and Bhatt to $34,248, which was the 2019 med…

Matthew Fox   


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Reddit users made meme-stock prices go crazy now they could do the same with Reddit's own stock IPO

Redditors set off the mania that helped cause stock prices to go wild for GameStop and other compan…

Meghan Morris   


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Emily Graffeo   


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Robinhood could sink 22% this year as 'the big unlock' releases millions of shares into the market, JPMorgan says

JPMorgan gave Robinhood a $35 price target, a 22% decline from Tuesday's closing price.

Natasha Dailey   


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Matthew Fox   


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Just 1% of Robinhood users participated in the online trading app's IPO

Last month, 12,602 of Robinhood customers bought Duolingo at its IPO price, while 78,250 customers …

Matthew Fox   


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3 mins read

Robinhood gets paid for each trade on its platform. Regulators are skeptical of the practice, but what retail traders think is more complicated.

Many retail investors see payment for order flow as just another example of companies selling consu…

Ethan Wu,Emily Graffeo   


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Robinhood sinks as shareholders file to sell 98 million shares, taking the wind out of massive 2-day rally

Sellers included affiliates of Andreessen Horowitz, New Enterprise Associates, and Ribbit Capital, …

Isabelle Lee   


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Robinhood gets slapped with FINRA's largest-ever fine to settle allegations of misleading customers and causing 'significant harm' to millions

FINRA said Robinhood misled millions of customers, approved ineligible traders for risky strategies…

Emily Graffeo