Monday, August 2

retail traders

Finance, Fintech, IPO, Markets, retail traders, Robinhood app, Tech Insider, Trading, weekend BI US

Robinhood promises to fix’the issues’ that outraged customers when it restricted trading in meme stocks

Robinhood CEO Vlad Tenev acknowledged the company angered many customers after it blocked them from trading GameStop and other red-hot stocks. On Saturday, Tenev promised to learn from past mistakes and "ensure they never happen again." Saturday's roadshow event comes just days ahead of the commission-free trading app's hotly anticipated IPO. LoadingSomething is loading. ...
Barclays Research, eToro, Markets, MI Exclusive, retail investing, retail investing activity, Retail Investor, retail investor survey, Retail Investors, retail trader, retail traders, Retail Trading, retail trading activity, Robinhood, Robinhood app, robinhood investors, Robinhood IPO, United Kingdom

The average Brit plans to invest almost 20% more each month after the pandemic, extending the retail trading boom, survey finds

In addition to executing orders, brokers also provide a range of educational resources and investing advice. JGalione/Getty The average Brit plans to spend 19% more each month on investing post-pandemic, a Barclays Smart Investor survey says. Half of those surveyed said they will cut back on other spending to fuel their lockdown investing habits. On Monday, trading app Robinhood said it had recorded lower trading levels between March and June. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The average UK investor plans to increase their investments by 19% each month as COVID-19 restrictions in the country come to an end, extending the retail trading boom that originated during the pandemic, a Barclays Smart Investor survey found. Younger people are set to...
Chamath Palihapitiya, lockup expiration, Markets, Meme stocks, retail traders, SoFi, SoFi Invest, SPAC, Vanda Research

SoFi is soaring in popularity on Reddit as retail investors look for opportunities in the fintech company following its merger with a Chamath Palihapitiya-backed SPAC

Chamath Palihapitiya. Brian Ach/Getty Images for TechCrunch Brian Ach/Getty Images for TechCrunch Chamath Palihapitiya-backed SoFi Technologies is gaining steam among Redditors. Comments about the company, which went public last month, surged on Reddit this week. Retail traders noted the end of the post-merger lockup period and the high short interest. See more stories on Insider's business page. SoFi Technologies is quickly gaining traction among retail investors. The fintech company that went public via a Chamath Palihapitiya-backed SPAC last month has seen an influx of retail flows in the last week, according to data from Vanda Research. VandaTrack, Bloomberg In a note, Vanda analyst Giacomo Pierantoni and senior strategist Ben Onatibia said the stock is one that "looks inc...