Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also ...
Tag: vlad tenev
Robinhood expected to report record revenue despite sour markets: Preview
Robinhood will report its fourth quarter results on Wednesday, with the company expected to hit its highest quarterly revenue figure to date. The online brokerage, which gained popularity duri...
Robinhood Shares Crater After Dismal Earnings, Monthly Active Users Fall 10% From A Year Ago
Topline Shares of stock trading app Robinhood tanked roughly 8% late on Thursday after the company reported dismal first quarter earnings which showed that the platform lost over a million users and r...
Robinhood’s Troubles Could Get Worse As Stock Hits Record Low Amid Layoffs And Looming Quarterly Earnings
Topline Shares of stock trading app Robinhood lost roughly 4% on Wednesday—hitting a new record low—after the company laid off a chunk of its workforce, with analysts warning that troubles could still...
Robinhood Lays Off 9% Of Full-Time Employees After Decline In Users
Topline Robinhood CEO Vlad Tenev announced Tuesday that the financial services company would lay off about 9% of its full-time employees in the wake of a drop in active users following torrid growth e...
Robinhood Shares Jump 4% After Deal To Buy UK Crypto App Ziglu
Topline Shares of popular stock trading app Robinhood rose roughly 4% on Tuesday after the company said it has signed a deal to buy Ziglu, a London-based cryptocurrency trading app, as it looks to lay...
How Robinhood Exploits Its Traders After Hours
Robinhood logo Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Online brokerage firms are in an arms race to provide more tools to...
Robinhood Shares Plunge Amid Gloomy Revenue Outlook Just One Year After Meme Stock Mania
Topline Shares of popular stock trading app Robinhood tumbled nearly 10% after the company reported fourth quarter earnings that failed to impress investors, while also issuing a grim revenue forecast...
Its Cofounders Are No Longer Billionaires, Shares Down 60% Since IPO
Topline Robinhood cofounders Vlad Tenev and Baiju Bhatt are no longer billionaires according to Forbes’ calculations, as shares of their popular stock trading app continue to move lower in recent mont...