Stock brokerage app Robinhood has laid off about 150 employees, or 7% of its workforce. The job cuts were made in response to a slowdown in trading volumes and to “better align team structures,” The Wall Street Journal (WSJ) reported Monday (June 26), citing an internal company message...
Robinhood has reached a settlement with state securities regulators regarding operational and technical failures. The $10.2 million settlement includes the platform’s outages in March 2020 and operational deficiencies prior to March 2021, the North American Securities Administrators Association (NASAA) said in the Thursday (April 6)...
Robinhood, the Menlo Park, California-based stock trading app, is nearing a deal to raise $250 million from investors at a valuation of $8 billion, Bloomberg reported. Sources told the news service that the investment team is being led by Sequoia Capital, a venture capital company...
Robinhood Markets, the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. CNBC, citing two people familiar with the deal, reported Robinhood has raised a minimum of $200 million in a recent late-stage fundraising round that...
February 13, 2024
Robinhood has its eyes on new products and new markets as it builds for the future. The stock trading and investing app is focused on winning the active trader market, increasing wallet share by deepening relationships with its existing customers, and continuing to expand internationally, Vlad Tenev, CEO and co-founder of Robinhood, said Tuesday (Feb. 13) during […]
June 26, 2023
Stock brokerage app Robinhood has laid off about 150 employees, or 7% of its workforce. The job cuts were made in response to a slowdown in trading volumes and to “better align...
April 06, 2023
Robinhood has reached a settlement with state securities regulators regarding operational and technical failures. The $10.2 million settlement includes the platform’s outages in March 2020 and operational deficiencies prior to...
April 16, 2020
Robinhood, the Menlo Park, California-based stock trading app, is nearing a deal to raise $250 million from investors at a valuation of $8 billion, Bloomberg reported. Sources told the news...
