{"id":48504,"date":"2020-08-18T00:45:00","date_gmt":"2020-08-17T21:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/controversial-trading-app-robinhood-now-worth-11-2b\/"},"modified":"2020-08-18T00:45:00","modified_gmt":"2020-08-17T21:45:00","slug":"controversial-trading-app-robinhood-now-worth-11-2b","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/controversial-trading-app-robinhood-now-worth-11-2b\/","title":{"rendered":"#Controversial trading app Robinhood now worth $11.2B"},"content":{"rendered":"

“#Controversial trading app<\/a> Robinhood now worth $11.2B<\/strong>”<\/p>\n

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August 17, 2020 |<\/span> 5:45pm <\/p>\n

\n Love it or hate it, Robinhood is now worth more than $11 billion.<\/p>\n

The controversial trading app announced on Monday that it raised a new $200 million round of funding that now values the startup at $11.2 billion.<\/p>\n

Robinhood\u2019s newest windfall, its second major round this year, comes months after the app and its more than 10 million users help spark the so-called \u201cRobinhood Rally\u201d that saw retail investors push the market upwards by betting on cheap stocks that institutional traders on Wall Street had no interest in touching.<\/p>\n

Robinhood makes most of its profits by having larger financial firms like Citadel Securities and Virtu Financial execute its actual trades, selling them user data as part of a practice called \u201cselling order flow.\u201d<\/p>\n

Profiting on order flow is a contentious issue on Wall Street, and many traders have accused Robinhood of letting under-informed day traders artificially spook the market by letting larger firms use the data to exacerbate often bizarre trends.<\/p>\n

The company came under fire in June when a 20-year-old user committed suicide after he believed he had racked up enormous debt trading options on the app. That tragedy might have been averted, the young man\u2019s family claimed, if Robinhood had provided better education on options trading, or at least had professionals available to users.<\/p>\n

\u201cTo ensure we continue to meet our customers\u2019 needs\u2026 we\u2019re hiring hundreds of new registered financial services representatives this year in Southlake, Texas, and Tempe, Arizona,\u201d Robinhood said in a Monday statement.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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If you want to read more Business News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Controversial trading app Robinhood now worth $11.2B” August 17, 2020 | 5:45pm Love it or hate it, Robinhood is now worth more than $11 billion. The controversial trading app announced on Monday that it raised a new $200 million round of funding that now values the startup at $11.2 billion. Robinhood\u2019s newest windfall, its second…<\/p>\n","protected":false},"author":1,"featured_media":48505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[54718],"class_list":["post-48504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-controversial-trading-app-robinhood-now-worth-11-2b"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/48504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=48504"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/48504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/48505"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=48504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=48504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=48504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}