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Industry Keyword: Robinhood

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Alphabet eyes $2 trillion value after blowout results

Google parent company Alphabet advanced nearer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant's shares surged more than 8% following a blowout quarterly report. Last...

Robinhood to permanently shift most employees to remote working

Robinhood has said it plans to move a majority of its 3,400 employees to remote work permanently, joining a slew of top tech firms embracing a hybrid culture. The California-based company's move to adopt a...

Amazon cloud outage hits major websites, streaming apps

A major outage disrupted Amazon's cloud services, knocking out streaming platforms Netflix and Disney+, Robinhood, a wide range of apps and Amazon.com Inc's e-commerce website as consumers shopped ahead of Christmas. Amazon said it was...

Robinhood says email addresses of 5 million customers exposed in security breach

Robinhood Markets Inc has said a third party had obtained access to the email addresses of about five million of its customers. The fee-free broker said the full names of a different group of about...

Robinhood expands offering that allows retail investors to buy into IPOs

Online brokerage Robinhood Markets Inc has said it would allow companies issuing shares through its IPO Access platform to set aside some stock for members of the public with ties to the issuers. Directed Share...

Robinhood shares drop below IPO price in after-market trading on crypto slowdown

Robinhood Markets Inc's shares fell below their initial public offering price in after-hours trading after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like...

US SEC praises equity market structure, absolves short sellers in GameStop report

The US markets functioned well during January's GameStop volatility, while short selling was not the main cause of the unprecedented rise in the 'meme stock,' according to a long-awaited SEC report. The report published on...

Robinhood introduces 24/7 phone support after communications criticisms

Robinhood Markets Inc has said it had introduced 24-hour customer phone support, seven days a week, addressing criticisms over the app-driven retail brokerage's communications that were also implicated in the suicide of a client. The...

Robinhood to begin testing crypto wallets, with broader launch in 2022

Robinhood Markets Inc said it plans to begin testing cryptocurrency wallets next month, with a broader rollout in early 2022, allowing its users to move supported digital currencies in and out of their brokerage...

Interactive Brokers launches cryptocurrency trading

Interactive Brokers Group has said it has launched low-fee cryptocurrency trading on its platform, making it the latest online retail brokerage to add digital assets to its offerings. US clients of the brokerage will now...

GameStop shares drop as executives mum on turnaround plan details

GameStop Corp, at the center of this year's "meme stock" trading frenzy, reported a 25% jump in quarterly sales but failed to lay out fresh details about how it plans to refashion itself into...

A Reddit IPO? Company seeks to hire advisers

Reddit Inc, the operator of online message boards that became the go-to destination for day traders chasing this year's frenzy for so-called meme stocks, is seeking to hire investment bankers and lawyers for an...