Robinhood (HOOD) Q2 2023 earnings results beat EPS & revenue expectations
Robinhood may have come in over expectations, but its stock is dropping in after-hours trading.
New to Shacknews? Signup for a Free Account
Already have an account? Login Now
Robinhood may have come in over expectations, but its stock is dropping in after-hours trading.
Robinhood continues to innovate in ways to make investing more like a casino, with 24/5 trading on individual stocks launching next week.
FTX is reportedly raising $1 billion at a $32 billion valuation.
Robinhood is now open to market manipulation claims over artificial restrictions it placed on trading of various popular stocks in early 2021.
The SEC has been looking into Robinhood since October 2021 in regards to things like compliance with short selling rules.
A myriad of factors have resulted in Robinhood needing to lay off staff, including high inflation and projections based on COVID-era retail trading.
The fine against Robinhood comes after what were described as 'significant failures' in regards to anti-money laundering and cybersecurity regulations.
Rumors of an acquisition from crypto exchange company FTX has led to a rise in Robinhood (HOOD) stock.
Robinhood looks set to go toe to toe with Coinbase as the stock trading app announces a new standalone app for cryptocurrencies and NFTs.
Robinhood is no stranger to getting bailed out by billionaires, and FTX CEO Sam Bankman-Fried is betting on the app to turn things around.