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2 mins read
A Goldman analyst foresaw Robinhood's growth woes weeks ago and downgraded the stock. Here are the 3 lingering issues he pinpointed.
Earlier this month, Goldman flagged what it saw as softening retail engagement levels in a recent d…
Carla Mozée
2 mins read
Robinhood is preparing a new feature that will allow users to get their paychecks direct-deposited up to 2 days early
The feature, discovered by developer Steve Moser, is called Early Direct Deposit. The code suggests…
Isabelle Lee
2 mins read
Robinhood drops after trading platform discloses a data breach of 7 million customers and an extortion attempt by hackers
A hacker manipulated a customer support employee by phone and gained access to certain systems, the…
Carla Mozée
2 mins read
Robinhood slips 10% after warning that a crypto-driven revenue bump could soon fade
Cryptocurrency trading revenue in the second quarter increased to $233 million, compared to $5 mill…
Isabelle Lee
1 min read
Robinhood spikes up as SEC filing shows insider sales locked up pending regulator's review
Early Robinhood backers had prepared to raise $3.4 billion from selling their shares.
Carla Mozée
2 mins read
Retail investors got a rare chance to be heard on Robinhood's earnings call - and they wanted answers on everything from PFOF regulation to how to get branded merch
"Can we get a Robinhood hat and hoodie jacket?" asked one shareholder during Robinhood's second-qua…
Emily Graffeo
1 min read
Cathie Wood's Ark Invest bought more than $45 million of Robinhood stock as shares slumped in their trading debut
Wood's flagship Ark Innovation ETF fund purchased nearly 1.3 million shares of Robinhood during the…
Emily Graffeo
1 min read
Microsoft stock rallies after fiscal third-quarter results exceed expectations and upbeat forecast bucks economic gloom
Microsoft sees tech spending staying strong even if the economy slows, as software that boosts prod…
Brian Evans
2 mins read
Robinhood downgraded to 'sell' by Goldman Sachs as retail investors become less engaged with the stock market
Robinhood's average account size is just $4,000, which pales in comparison to traditional brokerage…
Matthew Fox
2 mins read
'A singularity that captures Generation Z's zeitgeist': Here's what 3 Wall Street analysts are saying about Robinhood now that the online-brokerage king has gone public
"We see a highly engaged SEC that has fined and has continued to call out Robinhood specifically fo…
Matthew Fox
2 mins read
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
2 mins read
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
2 mins read
US stocks have crashed in 2022. Here are 4 charts that show what's happening as tech tumbles and energy soars.
Some meme stocks have crashed 80%, the tech sector has crumbled, and investors have only been inter…
Harry Robertson
2 mins read
The Robin Hood Society has seen a surge of interest after people mistook the group celebrating the legendary outlaw for the Robinhood app
The World Wide Robin Hood Society increased its Twitter following roughly 100-fold in around 24 hou…
Grace Dean
2 mins read
Billionaire Chamath Palihapitiya says Jeff Bezos is this generation's best investor, 'even better than Buffett'
Palihapitiya thinks Bezos is a better investor than Buffett because Amazon hasn't repurchased as mu…
Carmen Reinicke
8 mins read
Wall Street's elite investors are privately warning that the stock market is headed for another scary plunge
The stock market may be off to a high-flying start this year — but Wall Street's top investor…
Linette Lopez
2 mins read
Billionaire Chamath Palihapitiya says solana will be a major disruptor to the global payments industry
Blockchain platform solana will be part of a swarm of activity that disrupts the global payments bu…
Shalini Nagarajan
4 mins read
The world's richest people are atop the heap because of one basic truth: Markets are inflated, and it's made the stuff they own way more valuable
The rich tend to hold more of their wealth in financial assets, which benefited a lot from pandemic…
Jason Lalljee,Andy Kiersz
5 mins read
An unexpectedly sharp economic rebound could kickstart a massive shakeup that's almost certain to drag stocks lower
"The reopening trade" lifted Treasury yields to one-year highs in February. This month, it's made b…
Ben Winck
2 mins read
US stocks rise as investors weigh GDP growth against higher than expected jobless figures
US indices inched up after GDP grew at an annualized rate of 6.5% in the second quarter, missing th…