Google-parent Alphabet dissolves stake in trading app Robinhood
(Reuters) -Google-parent Alphabet said on Monday it had dissolved its stake in trading app operator Robinhood Markets. The disclosure comes months after Alphabet slashed its stake in the company by nearly 90%.…
Robinhood jumps in extended trade after rev beat, 24-hour trading announcement
By Stephen Culp NEW YORK (Reuters) – Shares of Robinhood Markets Inc were last up 2.4% in extended trading after the company beat quarterly revenue forecasts and confirmed it would launch 24-hour…
Robinhood settles $10.2 million lawsuit for locking out investors during stock drops
TRENTON, NJ – The New Jersey Attorney General’s Office has announced a settlement with Robinhood, an investment app that was cited for shutting down trading, causing New Jerseyans and others financial losses.…
FTX opposes BlockFi’s claim to Bankman-Fried’s Robinhood shares
By Dietrich Knauth (Reuters) – Collapsed crypto exchange FTX on Thursday asked a U.S. bankruptcy judge to stop crypto lender BlockFi from laying claim to more than $440 million worth of Robinhood…
Robinhood to close five offices as part of restructuring program
(Reuters) – Robinhood Markets Inc said on Friday it was closing five more offices, as part of a broader program aimed at changing its organizational structure announced in August. No employees were…
‘Market Crash’: Robinhood Announces More Layoffs As Crypto Trading Tanks
‘Market Crash’: Robinhood Announces More Layoffs As Crypto Trading Tanks John Hugh DeMastri on August 2, 2022 Robinhood, a major player in the retail investing market, will be laying off 23% of…
‘Misguided’: Here’s How Federal Financial Regs Unleashed Chaos For Traders Using Robinhood
‘Misguided’: Here’s How Federal Financial Regs Unleashed Chaos For Traders Using Robinhood John Hugh DeMastri on July 20, 2022 Over the past year, shares of Berkshire Hathaway have traded at historically high…
Munger says retail trading firm Robinhood getting comeuppance
OMAHA, Neb. – Berkshire Hathaway’s vice-chairman Charles Munger said on Saturday that retail broker Robinhood Markets Inc, which is trading near a record low, was getting its comeuppance. After a peak in…
Robinhood to cut its workforce by 9%
(Reuters) – Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. The company, which…
Explainer-The regulatory and legal headwinds facing Robinhood
By Chris Prentice and Michelle Price WASHINGTON – Robinhood Markets is still facing a number of legal and regulatory threats a year after the retail “meme stock” trading frenzy led the brokerage…
Court dismisses claims Robinhood wrongly restricted ‘meme stock’ trades
By Jody Godoy -A U.S. federal court on Thursday dismissed a lawsuit accusing Robinhood Markets Inc of violating state laws by restricting trades on so-called meme stocks during a January 2021 rally,…
Fact Check: Did Barstool Sports President Dave Portnoy Really Lose $700,000 in Meme Stock Scandal?
Not Exactly News – Barstool Sports President Dave Portnoy, one of the most public advocates for the Robinhood, Wall Street, Gamestop and AMC “Meme Stock Scandal” lost $700,000 in meme stocks. Is…
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