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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
'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
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
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
US stocks fall as investors digest impact of hot inflation data on Fed outlook
Investors this week have taken in a grab bag of economic data, including two hotter-than-expected i…
Phil Rosen
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
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
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
Days after Charlie Munger called Robinhood 'a gambling parlor,' the free-trading app revealed options trading as its largest source of revenue
Robinhood generated 61% of its $720 million in 2020 revenue from options trading, according to its …
Matthew Fox
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
Retail trading app Public says its delivering better pricing for customers since it abandoned payment for order flow — and has data to prove it
Public ended its use of payment for order flow in February this year. It argues that since doing so…
Natasha Dailey
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
Stock trading app Robinhood fires 713 employees, CEO says 'it's on me'
Silicon Valley-based online trading app Robinhood has sacked 23 per cent of its workforce, just thr…
'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
Robinhood calls potential payment for order flow ban 'draconian' as it fires back at SEC's Gary Gensler
Robinhood derived about 80% of its revenue from payment for order flow transactions in the second q…
Matthew Fox
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
Robinhood could file for its IPO as soon as next week, new report says
The trading app is targeting late June for its public trading debut, according to Bloomberg.
Carla Mozée
GOP Senator Toomey introduces bill to protect payment for order flow practice crucial to brokers like Robinhood as SEC eyes ban
Toomey said he has yet to hear back from the SEC as to how payment for order flow is harming retail…
Matthew Fox
Robinhood's upcoming IPO could value the popular retail-investing app at $30 billion or more, S&P analysts say
Even a rumored $20 billion valuation would be a conservative estimate, says S&P Global Market Intel…
Carla Mozée
Robinhood is going public. Warren Buffett, Michael Burry, and other top investors have blasted the trading app and warned day traders to be careful.
However, Warren Buffett, Michael Burry, and other leading investors have accused Robinhood and its …