![]() " Trading Curbs Reverse GameStop Rally, Angering Upstart Traders." " Robinhood Raises $13M to Democratize Stock Market With Zero-Commission Trading App." " Win The Stock Market With Crowdsourced Advice From New App Robinhood." " Robinhood App Will Offer Zero-Commission Stock Trades Thanks to $3M Seed From Index and A16Z." ![]() " Draft Registration Statement Processing Procedures Expanded." Confidentially Submits Draft Registration Statement." The duo had prior experience on Wall Street before launching Robinhood, having previously founded Celeris, a trading technology firm, and Chronos Research, which sold fintech software to investment banks. Robinhood was founded in 2013 by Stanford graduates Vlad Tenev and Baiju Bhatt. Robinhood was charged by the SEC in December 2020 with delivering subpar trade execution to its customers, and it has been in the news extensively in 2021 due to its popularity with traders involved in the GameStop short squeeze.The company generated $522.2 million in revenue in Q1 of FY 2021 and reported net losses of $1.4 billion.Robinhood has raised a total of $5.6 billion from private investors and was reportedly valued at $40 billion at its most recent funding round in February 2021.Robinhood priced its shares at $38 per share on July 28, raising close to $2 billion, valuing the company at $32 billion.Robinhood is a California-based fintech company with a stock trading and investing app targeted to younger retail investors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |