Wednesday, July 28

Robinhood

crypto, crypto trading, IPO, Markets, Robinhood, Tech Insider, trading app, weekend BI US

Robinhood CEO says the company is all-in on crypto and that users can expect new crypto features at’some point’

Robinhood CEO Vlad Tenev says the company is focused on expanding its crypto offerings. He said users can expect a crypto wallet at "some point." It's a glimpse at the company's future ahead of it's highly anticipated IPO. LoadingSomething is loading. Robinhood CEO Vlad Tenev announced Saturday that crypto is a lynchpin of the retail investme...
Markets, MI Exclusive, payment for order flow, retail investing, Retail Trading, retail trading activity, Robinhood, Robinhood app, Robinhood IPO, Robinhood IPO analysis, Vlad Tenev

‘We can expect fireworks’: 6 experts sound off on their expectations for Robinhood’s hugely anticipated IPO

Vlad Tenev, CEO and co-founder of Robinhood. Kimberly White/Getty Images for Robinhood Ever since Robinhood was founded in 2013, the firm has been at the center of the retail trading boom. Ahead of its IPO, Robinhood announced it is selling up to a third of its shares directly to retail investors. Insider asked six experts what to expect ahead of the popular trading app's stock market debut. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood's mission since it was founded in 2013 has been to "democratize finance for all."Years later, ahead of its hotly-anticipated initial public offering, founder Vlad Tenev is trying to make good on that promise by offering a third of the company's shares directly to customers through its app, a far greater amou...
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...
Asset Management, gen z, Markets, MI Exclusive, millennial, Robinhood, Titán, will smith

Titan raises $58 million, with the Gen Z and Millennial-focused asset manager backed by big names like Will Smith and Kevin Durant

Getty Images Titan, the startup angling to be the active manager for a new generation of investors, raised $58 million. Titan has sought a role as the "premier" asset manager for Millenials and Gen Zs. Titan's take on active investing is to combine a core equity portfolio of around 20 stocks, hedged for customers' unique risk appetite. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Titan, the startup angling to be the active manager for a new generation of investors, raised $58 million in a star-studded funding round that valued the company at $450 million, the company said in a statement.The funding round, led by Andreessen Horowitz, featured a cast of celebrities, including Will Smith, Jared Leto, and Kevin Durant. With some 30,000 clients, Titan mana...
IPO, Markets, MI Exclusive, Robinhood, Robinhood IPO, Robinhood stock, Robinhood stock price, stock market, stock market 2021, Stocks, Vlad Tenev

Robinhood co-founders each stand to gain $1.4 billion in equity awards if stock price hits $101.50 by 2025

Robinhood co-founders and co-chief executives Baiju Bhatt and Vladimir Tenev Thomson Reuters Robinhood co-founders Vlad Tenev and Baiju Bhatt stand to receive $1.4 billion in equity awards if it hits a big milestone.Both co-founders will receive 13.8 million shares of Robinhood if the stock price hits $101.50 by 2025, according to the company's S-1 filing.The popular trading app is expected to go public later this year and is seeking a $40 billion valuation.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Robinhood co-founders Vlad Tenev and Baiju Bhatt stand to receive up to $1.4 billion worth of Robinhood stock if they hit certain stock performance targets once it goes public, according to its S-1 filing made with the SEC last month.Both co-founders will...
Finance, Markets, Meme stocks, MI Exclusive, millennial, Millennial Investing, millennial investor, Millennial investors, Personal Finance, Retail Trading, Robinhood, Robinhood app

A’finfluencer’ with millions of followers on social media says Robinhood and other trading apps might do more harm than good to young investors

Tori Dunlap/Her First $100K Retail trading apps could cause issues for young investors according to money expert Tori Dunlap. She thinks the apps do not educate their users enough and are not inclusive to minority groups. Robinhood was recently forced to pay $70 million after FINRA accused the app of causing harm to customers. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Young investors, and Gen-Zers in particular, are pouring their spare cash into things like cryptocurrencies and meme stocks, drawn in by the social media communities that have banded together to take on Wall Street giants, and popularized by retail trading apps like Robinhood.As positive as it is to see young people get involved with their own finances, these apps might be doing mor...
Bitcoin, Cryptocurrencies, Dogecoin, Ether, eToro, Markets, MI Exclusive, Robinhood

Brokerage eToro says client holdings of dogecoin vaulted above bitcoin and ether in the 2nd quarter

STR/NurPhoto via Getty Images Summary List PlacementHoldings of meme token dogecoin vaulted above bitcoin and ether among eToro clients in the second quarter, according to data from the brokerage. After cardano, which held the top spot in both quarters, dogecoin zoomed past the two largest cryptocurrencies by market capitalization to claim second place, according to a June 30 snapshot from eToro. Bitcoin for the second quarter held the fifth spot, tumbling from second in the first three months of the year. Ether meanwhile, held the fourth spot for the second quarter, also lower from the previous quarter's third place ranking. Consistently in the top five is altcoin tron, which was founded in 2017. Its native cryptocurrency is TRX. Q2 2021 Cryptocurrency Q1 2021 1 Cardan...
Charlie Munger, Finance, Markets, MI Exclusive, options trading, Robinhood, Robinhood app, Robinhood IPO, stock market 2021, Trading, Warren Buffett

Days after Charlie Munger called Robinhood’a gambling parlor,’ the free-trading app revealed options trading as its largest source of revenue

Warren Buffett, CEO of Berkshire Hathaway, and vice chairman Charlie Munger. JOHANNES EISELE/AFP via Getty Images Just two days after Charlie Munger of Berkshire Hathaway called Robinhood "a gambling parlor," the free-trading app said it derives a majority of its revenue from options trading.The comments from Warren Buffett's right-hand man came in an interview with CNBC on Tuesday night, in which the billionaire investor said, "it's telling people they aren't paying commissions when the commissions are simply disguised in the trading."On Thursday, Robinhood filed its S-1 with the SEC, a necessary step the company has to take prior to going public. The document revealed the underlying drivers of Robinhood's business, from options, equities, and crypto trading, to securities lendi...
Markets, MI Exclusive, retail investing, Retail Investors, Robinhood, robinhood investors, Robinhood IPO

Robinhood says users have made $25 billion through trades on its platform-but one influential retail investor warns its easy-to-use interface could spark panic-selling if stocks take a tumble

REUTERS/Dado Ruvic/Illustration Robinhood's IPO paperwork reveals that its customers have made approximately $25 billion. But one influential retail investor warns its interface that makes it so easy to invest could also make it easy to panic sell. Robinhood's way of turning red when stocks go down could trigger panic-selling, she said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood's mission to "democratize finance for all" through a simple mobile trading platform with zero fees has helped usher in a new generation of investors-and helped them make money along the way. But one influential retail investor is warning its easy-to-use interface could spark panic-selling if the market sees a drawdown.According to the brokerage app's latest IPO p...
IPO, Robinhood, Suicide, Tech Insider

Robinhood has settled a lawsuit over the death of a 20-year-old who died by suicide last year thinking he lost $730,000 on the stock-trading app

Robinhood has settled a wrongful death lawsuit over the suicide of a 20-year-old trader last June. Alex Kearns killed himself after thinking he lost $730,000 on the stock-trading app.  Robinhood disclosed the settlement in its S-1 filing on Thursday. Terms were not disclosed. LoadingSomething is loading. ...