Robinhood surges 50% in frenzied trading, as investors scoop up ‘the meme of memes’
BENGALURU (REUTERS) – Shares of Robinhood Markets rose more than 50 per cent on Wednesday (Aug 5) during a wild trading session as investors scooped up shares after its underwhelming […]
Robinhood closes more than 8% down in grim stock market debut
NEW YORK (REUTERS) – Robinhood Markets’ shares closed more than 8 per cent lower at US$34.82 per share on their first day of trading, as many investors who used the […]
Robinhood, gateway to ‘meme’ stocks, raises $2.85 billion in IPO: Source
NEW YORK (REUTERS) – Robinhood Markets, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year’s ‘meme’ stock trading frenzy, raised […]
Robinhood’s core business more than triples in Q1 amid meme-stock frenzy
NEW YORK (BLOOMBERG) – Robinhood Market’s largest source of revenue – payment for order flow – more than tripled in the first quarter as the trading app became immensely popular […]
Robinhood, at the heart of retail trading frenzy, files for IPO
BENGALURU (REUTERS) – Robinhood Markets, the online brokerage at the centre of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for […]
GameStop plunge wipes out US$11 billion as platforms curb trades
NEW YORK (BLOOMBERG, REUTERS) – GameStop snapped a dizzying six-day rally to wipe out nearly US$11 billion (S$14.6 billion) in market value on Thursday (Jan 28) after moves by brokerages to […]