Early crowdsourcing investors could lose up to 41% of their investments Remaining part of the Robinhood acquisition was the “best and only reasonable path forward for the company,” Ziglu CEO Mark Hipp...
Tag: Robinhood
Meme-Stocks Investors Files Lawsuit Against Robinhood
Robinhood, a cryptocurrency and stock trading platform, is accused of market manipulation. Meme-stocks investors from nine different firms have filed a class-action lawsuit against it during a January...
Robinhood is a ‘flawed business model’: Jeff Kilburg
Robinhood Markets Inc (NASDAQ: HOOD) has bounced about 70% off its low in mid-June, which, as per Jeff Kilburg (Chief Investment Officer at Sanctuary Wealth) is an opportunity to pull out of the stock...
Robinhood Accused of Market Manipulation in a Class-Action Lawsuit
Robinhood, a platform supporting cryptocurrencies and stocks, is facing several allegations of market manipulation as part of a class-action lawsuit. The lawsuit has been tabled by investors in nine c...
Robinhood to face class action lawsuit from meme stock debacle: Report
Cryptocurrency and stock trading platform Robinhood will allegedly face allegations of market manipulation as part of a class-action lawsuit brought by investors in “meme stocks” from nine different c...
Robinhood to Face Class Action Suit Over Halting Meme Stock Trading
A U.S. District Court Judge ruled that Robinhood must go through with a lawsuit that complains of market manipulation relating to the meme stock rally that took place last year. U.S. District Court Ju...
Robinhood accused of market manipulation
American trading company Robinhood has been accused of market manipulation by the US court, as ruled yesterday, 12 August, following events surrounding the Gamestop case of 2021. The platform should n...
Robinhood dragged to court over market manipulation 1
Robinhood has been slammed with a class action lawsuit leveled against the company for its actions regarding meme stocks last year. According to the filing details, the class action is being pursued b...
Class Action Suit Moves Forward Against Robinhood Over Halting Meme Stock Trading
Topline A federal judge ruled Thursday that Robinhood must defend itself in court against a class action lawsuit related to the online brokerage’s January 2021 decision to halt trading in exploding “m...
Robinhood Web3 Crypto Wallet Waitlist Surpasses 1 Million Customers
Alex Dovbnya The rollout of Robinhood’s Web3 cryptocurrency wallet is expected to occur by the end of 2022 Robinhood CEO Vladimir Tenev has taken to Twitter to announce that the company’s upcoming Web...
Robinhood Abruptly Adds Support for Ethereum Rival Avalanche (AVAX) and XRP Competitor Stellar (XLM)
Retail trading giant Robinhood just announced that it now supports Ethereum challenger Avalanche (AVAX) and XRP rival Stellar (XLM) as the two altcoins enjoy rallies this month. In an announcement vi...
Avalanche, Stellar, and Robinhood mystery of price swings
Listing of crypto assets on known exchanges has been known to help initiate a price rally. In the case of Avalanche’s AVAX and Stellar’s XLM, following 8 August’s Robinhood’s listing announcement, the...
Avalanche and Stellar Lumens tick upwards as they land on Robinhood
Robinhood announced the addition of Avalanche’ AVAX token and Steller Lumen’s XLM on Monday. Following the news, both tokens saw initial spikes in price — although Avalanche’s gains were swiftly...
Stellar (XLM) and Avalanche (AVAX) Now Supported by Robinhood
Alex Dovbnya Two more cryptocurrencies have been officially listed by Robinhood Popular trading app Robinhood has listed Stellar (XLM) and Avalanche (AVAX), according to a Monday announcement. The tra...
Robinhood, Carvana And More—These Stocks Are Surging After Announcing Cost Cuts
Topline Shares of Carvana and Beyond Meat surged Friday, making them the latest companies to be rewarded by investors after announcing layoffs or cost cuts in recent weeks amid a challenging economic ...
Recession Heats Up; Investors Keep Your Shorts On
Walmart said this week that it was laying off more than 200 senior managers and lowered their … [+] forecasts as the economic slowdown continues thanks to rising costs. (Photo by J.D. Pooley/Get...
Indian Watchdog Investigates WazirX, Robinhood Fined $30 Million, ETH Up By 1% – crypto.news
India’s Enforcement Directorate is investigating the crypto exchange firm, WazirX for breaking regulations. Meanwhile, the Robinhood exchange has received a fine of $30 million from New York’s financi...
New York State Fines Crypto Wing of Robinhood $30,000,000 for Allegedly Violating Consumer Protection Laws
The state of New York is levying a fine against the crypto branch of trading giant Robinhood for allegedly violating consumer protection and anti-money laundering laws. According to a new press releas...
Robinhood lays off nearly a quarter of its workforce amid crypto winter
Commission-free stock, options, and cryptocurrency trading platform Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market. Company CEO blames woes on rising...
Robinhood Q2 revenues tick up slightly as company starts fresh round of layoffs
The bad news from Robinhood kept coming today. First, the New York Department of Financial Services hit the company with a $30 million fine, followed by the company’s CEO announcing layoffs for ...
Robinhood April Cuts ‘Did Not Go Far Enough’ Says CEO Amid New Layoffs
Robinhood, the beleaguered stock-trading app whose gamified user interface brought crypto and “meme-stock” trading into the mainstream last year, is laying off 23 percent of its staff, the company ann...
Robinhood to lay off ‘approximately 23%’ of employees
Stock trading app Robinhood announced a fresh round of layoffs Tuesday. “As part of a broader company reorganization into a General Manager (GM) structure, I just announced that we are reducing ...
Robinhood Layoff Costs, Q2 Losses Won’t Delay Crypto Product Launches
Robinhood’s 23% headcount reduction announcement came a day before it reported a net loss of $295 million in the second quarter Wednesday Company estimates a nearly 10% decrease in expenses in 2022 fr...
Robinhood Slashes Workforce by 23% as Markets Head South
After rapidly scaling operations, Robinhood is now aggressively cutting costs and laying off employees in the light of the market downturn. Robinhood’s CEO, Vlad Tenev, announced that the company will...
Robinhood Crypto Slapped With $30M Fine by New York Regulators
The New York Department of Financial Services has fined Robinhood Crypto $30 million for multiple regulatory violations. The department concluded after an investigation that the company had failed to ...
Robinhood lays off 23% of staff
Robinhood had announced at the beginning of the year a layoff of 9% of staff, which will now be followed by an additional 23% in defections. New staff cuts at Robinhood Robinhood’s human resources suf...
Robinhood Brings The Axe Down On 780 Employees As Shares Plunge 50%
Robinhood Markets announced Tuesday plans to render another 23% of its workforce jobless – just months after the app-based brokerage let go of 9% of its employees. On Tuesday, Robinhood said it was la...