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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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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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1 min read

Apple ditched plan to develop iPhone stock trading feature with Goldman Sachs after 2022's brutal bear market

One use case of the planned stock trading feature included iPhone users being able to invest extra …

Matthew Fox   


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'Dumb Money' shows how Vlad Tenev's Robinhood investing app fueled the GameStop stock frenzy — here's where the former billionaire is now

In "Dumb Money," Sebastian Stan plays the CEO of the app that led to the rise and fall of the GameS…

Jason Guerrasio   


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Robinhood turns higher after hitting all-time lows one year after the GameStop frenzy

The brokerage's stock hit record lows as its Q4 report indicated people aren't trading as much as t…

Carla Mozée   


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US stocks fall as bond yields jump and investors await Apple, Amazon earnings

Apple and Amazon stock traded mostly flat as investors waited for the mega-cap tech firms to releas…

Jennifer Sor   


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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   


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1 min read

A Robinhood glitch showed customers' balances plunged to $0 or less - just 2 weeks after it mistakenly listed AMC as bankrupt on the app

"Today we experienced an issue that affected the display of your portfolio balance and for a short …

Phil Rosen   


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Robinhood says it can now solidly handle surprise market events, a year after controversially restricting meme-stock trading

The brokerage said it now has a net capital position of $2.7 billion, which is 25 times what the SE…

Shalini Nagarajan   


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Robinhood soars 26% as the popular investing app announces it will extend trading hours for its users

Shares of Robinhood skyrocketed on Tuesday as the company announced an additional six and a half ho…

Phil Rosen   


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The SEC is looking to overhaul the controversial trade-settlement rule at the center of Robinhood's issues during last year's GameStop mania

"The existing two-day period to settle trades exposes investors and the industry to unnecessary ris…

Matthew Fox   


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3 mins read

Retail investors are back – and they're a lot savvier than they were in their YOLO days

Net purchases of equities by retail investors hit a year-to-date peak in February, but trading volu…

Aruni Soni   


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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   


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Robinhood tumbles 7% after SEC's Gary Gensler says ban of payment for order flow 'is on the table'

Robinhood listed a potential ban of the payment for order flow practice as a risk to its business i…

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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Matthew Fox   


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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 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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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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US stock brokers made $3.8 billion selling customer orders amid the meme-stock craze, with Charles Schwab edging out Robinhood with the most PFOF gains

Last year's windfall from payment for order flow was a 33% gain from the year prior, Bloomberg Inte…

Natasha Dailey