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In the fourth quarter of 2023, Robinhood earned total net revenue of $471 million, 9.13% of which came from crypto-related transaction fees. "In our view, concerns regarding the notice are likely ...
Robinhood Markets Inc. has received a notice from the Securities and Exchange Commission about alleged securities violations at its crypto division. The company said in a regulatory filing that it ...
A closer look at the company's financials provides a more complete story about the surprise jump in crypto revenue.
Robinhood co-founder Baiju Bhatt (left) and moderator Josh Constine (right) speak onstage during Day 2 of TechCrunch Disrupt SF 2018 at the Moscone Center on September 6, 2018, in San Francisco, California. Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.
Following a funding round in May 2018 which increased Robinhood's valuation to $6 billion, Tenev and Bhatt became billionaires. In November 2020, Tenev became the sole CEO of Robinhood, having previously shared the co-CEO title with Bhatt. In July 2021, Robinhood went public via an initial public offering at a $32 billion valuation.
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions ...
Robinhood's actions drew criticism from users who claim the company was going against its own ethos of democratizing finance for the people and acting instead on behalf of corporate interests ...
May 7, 2024 at 12:38 PM. By Medha Singh. (Reuters) - Trading app Robinhood Markets is expected to report its highest quarterly revenue in nearly three years, helped by a steady rebound in equity ...