The new round puts a valuation on the company of $5.6 billion; they are now the second most valuable private...
Robinhood has announced details of its latest funding round which raised $110 million for the firm giving it fintech unicorn status with a valuation of $1.3 billion; investors in the Series C funding round included DST Global, NEA, Index Ventures, Ribbit Capital, Thrive Capital and Greenoaks Capital; the firm also announced that it now has over two million users; the firm says: "Our two million users have transacted over $50 billion and saved nearly half a billion dollars in commission fees. Robinhood Gold, our margin and extended hours service, is also experiencing significant growth, with signups surging 17% month over month."; the firm plans to use funds from the Series C funding round for expansion of the platform's products and services. Source
Over the past few weeks Robinhood has been in the news multiple times as their platform failed to hold up...
According to a regulatory filing Robinhood’s second quarter revenue came in at $180 million, nearly double the $91 million it...
With the increase in market volatility over the last few weeks young traders have tried to catch the markets at...
Robinhood has been in the news in recent months related to multiple outages; now the company is rumored to be...
As stock market volatility increased the trading app Robinhood saw deposits jump 20 percent; "We saw a large spike in transaction volume and trading activity on the platform today," a spokesperson told Business Insider. "Retail investors deposited 20% more funds into their Robinhood accounts today than they did on Friday.”; this is a trend the company has seen before, in late 2016 the Dow dropped 8 percent because of issues in Asia and the app saw their biggest net deposits ever. Source.
In this conversation, we chat with Paul Rowady is the Founder and Director of Research for Alphacution Research Conservatory and a 30-year veteran of proprietary, hedge fund and capital markets research, trading and risk advisory initiatives. Alphacution is a digitally-oriented research and strategic advisory platform focused on modeling and benchmarking the impacts of technology on global financial markets and the businesses of trading, asset management and banking. This data-driven approach allows Alphacution to reverse-engineer the operational dynamics of these market actors to showcase the most vivid and impactful themes among the field of available research providers and platforms.
Along with the challenging economic climate, Robinhood had issues of its own that affected their 2022 earnings.
Gensler said his biggest worry about the equity market was competition and consolidation. While retail investing has taken off, the PFOF that enables it is ripe for conflict of interest.