robinhood
-
Robinhood to Raise Billions From the Rich, Give None of It to the Poor
Robinhood, the wildly popular stock-trading app that’s made it easy to throw fistfuls of money at meme stocks while also occasionally locking those users out of trades on a whim, is ready to cash in big time.
-
Hedge Fund That Took Massive Losses on GameStop Thanks to WallStreetBets Is Shutting Down
One of the hedge funds targeted by notorious Reddit investment board r/WallStreetBets is bust, the Financial Times reported on Tuesday.
-
AMC Belongs to the People Now
We’re nearly halfway through the year and it looks like the meme stocks haven’t ended their run just yet: As of Wednesday, shares of movie theatre chain AMC Entertainment were up as much as 3,200 on the heels of a newly launched initiative to provide free popcorn to shareholders.
-
9.5 Million Users Traded Cryptocurrency on Robinhood in First Quarter of 2021
Roughly 9.5 million people traded cryptocurrency on the Robinhood app in the first quarter of 2021, the company announced in a new blog post on Thursday. The number is significantly higher than the last quarter of 2020, when just 1.7 million people traded cryptocurrencies on Robinhood, according to the company.