Robinhood is now a stonk
The wild swing in the price of Robinhood today appears from our vantage point to be another stonk moment. Update: Trading of Robinhood shares has been halted due to volatility. The company’s stock paused at $65.60 on Robinhood itself......»»
Robinhood’s long weekend brings a total of $3.4 billion to its balance sheet
Popular, highly-scrutinized trading app Robinhood has raised $2.4 billion to its balance sheet from shareholders, as first reported by the Wall Street Journal and then confirmed by the company. The private startup raised $1 billion on Friday, meaning.....»»
Elon Musk Grills Robinhood CEO Over GameStop Trading Freeze: "The People Demand Answers"
Elon Musk had just wrapped up a wide-ranging 90-minute interview on the audio chat app Clubhouse early on Monday, when he threw the hosts a curveball. "Do you want to hear the real story from Vlad [from] Robinhood about what happened on the Street wi.....»»
5 ways Robinhood’s rushed UX changes exacerbated the GameStop crisis
The GameStop debacle has been hailed by many as a first of its kind form of digital activism, with the ‘crowd’ coming together to stick it to Wall Street, and specifically hedge funds that are in the business of short selling. However, wh.....»»
Elon Musk grills Robinhood boss over GameStop row on Clubhouse
The Tesla and SpaceX boss also spoke about Bitcoin, Mars and brain implants......»»
Elon Musk busts Clubhouse limit, fans stream to YouTube, he switches to interviewing Robinhood CEO
Below you can read our live coverage of the first even appearance by Elen Musk on Silicon Valley’s hottest startup right now, Clubhouse. In summary, Musk used the session to ‘talk to his base’ on topics ranging from space travel, colonies on Ma.....»»
Reddit co-founder on GameStop: ‘The collective public cannot unsee this’
When Robinhood, a startup that promises to make finance accessible for all, temporarily limited trading on GameStop, AMC, and other memestocks, many retail investors were pissed that the fintech darling suddenly didn’t live up to its name. The spec.....»»
Robinhood Is Still Severely Limiting Trading, Customers Can Only Buy One Share of GameStop
Restrictions on Robinhood traders got tighter throughout the day on Friday, only allowing clients to buy a single share of GameStop. CNBC reports: The stock trading app also expanded its list of restricted stocks from 13 earlier in the day to 50. The.....»»
Robinhood limits users to a single share of GameStop and other stocks
Robinhood has detailed its latest step in the complex quagmire of market manipulation that is this week’s GameStop hedge fund Reddit army debacle. Users will for the present be limited to holding a single share of GameStop and dozens of other s.....»»
Daily Crunch: Robinhood raises $1B
Robinhood caps a wild week for new funding, Coinbase is going public and Johnson & Johnson reveals new vaccine trial data. This is your Daily Crunch for January 29, 2021. The big story: Robinhood raises $1B I know the newsletter has been dominated by.....»»
Robinhood’s plan to “democratize finance” hit a GameStop-shaped speed bump [Updated]
Liquidity requirements lead to unexpected restraints, and it's probably legal. Enlarge / Ready, take aim, and let fly... (credit: Aurich Lawson / Getty Images) As the price of heavily shorted stocks like GameStop has shot up in recent days, so.....»»
Robinhood’s plan to “democratize finance” hit a GameStop-shaped speed bump
Liquidity requirements lead to unexpected restraints, and it's probably legal. Enlarge / Ready, take aim, and let fly... (credit: Aurich Lawson / Getty Images) As the price of heavily shorted stocks like GameStop has shot up in recent days, so.....»»
Robinhood Is Said To Draw On Bank Credit Lines Amid Tumult
An anonymous reader quotes a report from Bloomberg: Robinhood, the trading app that's popular with investors behind this month's wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matte.....»»
Robinhood Restricts Crypto Trading "Due To Extraordinary Market Conditions"
Robinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. From a report: Users began reporting that the trading app had halted instant deposits for crypto purchases earlier in the day,.....»»
Robinhood raises $1B after trading halts to keep its platform running
After a turbulent week for the stock market and halts to the trading of certain speculative securities including GameStop (GME) and AMC, consumer investing app Robinhood has raised new capital. The new funds total more than $1 billion, with the compa.....»»
Google Deletes Nearly 100,000 Negative Reviews of Robinhood App
According to The Verge, Google has removed nearly 100,000 negative reviews of the Robinhood app from the Google Play Store. From the report: After some disgruntled Robinhood users organized campaigns to give the app a one-star review on Google's Play.....»»
AOC, Ted Cruz Slam Robinhood for Freezing Some Trades Amid GameStop Volatility
With Reddit's interest in sending some stocks soaring showing no sign of slowing down, the trading app Robinhood started restricting some transactions Thursday morning. Reddit wasn't happy -- and neither are some lawmakers. From a report:The incident.....»»
Robinhood Will Allow "Limited Buys" of Stocks Like GameStop, Starting Friday
After removing GameStop, AMC, BlackBerry, and Nokia from its platform, getting slapped with a class-action lawsuit, and flooded with 1-star reviews on the Google Play Store, Robinhood is starting to have a change of heart. The trading platform announ.....»»
Daily Crunch: Robinhood restricts GameStop trading
The GameStop stock saga continues, Apple releases more details about its privacy changes and Qualtrics goes public. This is your Daily Crunch for January 28, 2021. The big story: Robinhood restricts GameStop trading Robinhood has responded to an upsu.....»»
The somewhat boring reason it appears that Robinhood yanked trading on some securities
After enduring a day’s worth of taking a beating across social media, government, and the various app stores of the mobile world, Robinhood took to its own blog and CEO’s Twitter account to explain why it had halted trading of some stock.....»»
Robinhood stops the games
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week the team — Natasha and Danny and Alex and Grace — recorded a bonus Equity Shot to help our listen.....»»