Technology
Robinhood Says It Will Lay Off 9% of Its Employees
The company’s co-founder Vlad Tenev said it had overhired during the height of the pandemic, and now needed to “increase our velocity.” Source
Robinhood Financial LLC
Technology
Robinhood’s revenue more than doubled even as it lost money last quarter.
Robinhood lost $502 million, compared with a profit of $58 million a year prior. Source
Technology
Robinhood Shares Jump, Like the Meme Stocks It Enabled
Robinhood, meme thyself. The stock trading app that helped fuel a frenzy by small investors earlier this year soared on Wednesday in trading that had all the hallmarks of the “meme-stock mania” that drove up […]
Technology
Is Robinhood’s Disruption a Good Thing?
This article is part of the On Tech newsletter. You can sign up here to receive it weekdays. Robinhood has made stock trading fun, cheap and appealing to young people who aren’t rich — not […]
Technology
Robinhood Prices Its I.P.O. at $38 a Share
SAN FRANCISCO — Robinhood is known for its association with “meme stocks.” Now the stock trading app could become one. On Wednesday, Robinhood priced its initial public offering at $38 a share, the company said, […]
Technology
Robinhood I.P.O.: Shares Fall After Opening at $38
SAN FRANCISCO — Robinhood helped propel a “meme stock” frenzy earlier this year that sent stock prices of small companies on a roller-coaster ride. On Thursday, its own initial public offering was far more subdued. […]
Technology
Robinhood’s Guinea Pig for Upending Public Offerings: Itself
SAN FRANCISCO — When Vlad Tenev and Baiju Bhatt created the stock trading app Robinhood in 2013, the entrepreneurs declared that their mission was to democratize Wall Street and make finance accessible to all. Now […]