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“# Analysts warn of ‘acute’ Q3 slowdown in Robinhood’s DOGE-reliant growth ” Robinhood’s recent disclosure of the major boost that crypto has contributed to its second-quarter financial earnings is worrying some financial analysts, largely due to the “outsized” role that Dogecoin (DOGE) trading has played. In an investor note this week, Wolfe Research’s Steven Cubak…
“# 62% of Robinhood’s Q2 crypto revenue was from Dogecoin trading ” Popular retail trading app, Robinhood, has revealed crypto trading surged in popularity on the platform and now represents 41% of its revenue. According to its second-quarter financial results published Aug. 18, the firm generated $233 million from crypto trading services for the quarter,…
“# Robinhood shareholders want crypto wallets and a hat ” Retail shareholders of crypto-friendly trading app Robinhood are demanding a crypto wallet along with a branded hat and hoodie, a public shareholders questionnaire revealed. The public question crowdsourcing platform Say, which was Robinhood’s first purchase after it went public, enabled retail shareholders of Robinhood to…
“# Thiel’s Valar Ventures leads 3rd raise for Bitpanda, at $4.1B valuation ” Vienna-based cryptocurrency broker Bitpanda has closed its third major private financing round led by Peter Thiel’s Valar Ventures. Raising $263 million, and drawing in new investments from British billionaire hedge fund manager Alan Howard and REDO Ventures, the company is now valued…
“#Short sellers doubling down on Robinhood, betting it’s poised to fall” Robinhood’s stock is hot with investors – and short sellers, too. More than 12.5 million HOOD shares — or roughly 25 percent of the float — were shorted as of the close of trading on Wednesday, according to data from S3 Partners. By comparison,…
“#Robinhood stock tanks as investors file to sell nearly 100M shares” Robinhood’s stock — which posted eye-popping gains earlier this week following last week’s lackluster IPO — fell as much as 17 percent in early Thursday trades after a group of investors filed to sell nearly 100 million shares in the company. Early shareholders of…
“# Robinhood stock outruns Bitcoin in intraday crash, down over 10% in pre-market ” The cost to purchase one Robinhood share (HOOD) dropped massively in the pre-market session on Thursday, beating even so-called volatile cryptocurrencies like Bitcoin in terms of intraday losses. In detail, HOOD was down 10.2% to $63.25 as of 8:00 am EDT…
“# Echoing GameStop saga, retail traders fuel Robinhood stock price hike ” After making unwanted headlines with its disappointing IPO debut on Nasdaq last week, shares in stock and cryptocurrency trading app Robinhood have seen wild volatility in recent days. In an ironic twist that saw the price of HOOD stocks soar by as much…
“#‘Little guy’ may feel sharp pain from Robinhood’s IPO arrow” The people at Robinhood made IPO history this past week when they reserved an unheard-of chunk of its initial public offering, around 35 percent, for the trading app’s small-investor clients. And if you’ve been listening to company honchos and its soon-to-be mega-rich CEO Vlad Tenev,…
“#Retailers weren’t hot on Robinhood stock after IPO” Robinhood’s efforts to democratize finance fell flat on the free trading app’s first day as a public company. Once it began trading, retail investors only bought $18.85 million shares of the popular trading app which closed its first day of trading with a market cap of $29 billion,…