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2 mins read

Buy-now, pay-later giant Klarna files for IPO in the US

Klarna said the date of its IPO is subject to market conditions and an SEC review, and that it has …

Jyoti Mann   


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5 mins read

Robinhood's cofounder has joined the rapidly growing commercial space race, and wants to beam solar power from satellites to earth

A report from McKinsey earlier in 2024 estimated that the global space economy will be worth $1.8 t…

Polly Thompson   


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2 mins read

Klarna, the buy-now, pay-later firm, is looking to make a Robinhood-like product for trading stocks, an internal job ad shows

Klarna is recruiting four people to work on a product for customers to buy and sell stocks on its a…

Jyoti Mann   


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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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1 min read

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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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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1 min read

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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1 min read

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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3 mins read

'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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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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2 mins read

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