Robinhood believes it has been “misunderstood.” A new movie might not help matters. As The Wall Street Journal (WSJ) reported Saturday (Sept. 16), the trading platform is featured in the new comedy “Dumb Money,” which tells the story of the 2021 “meme stock” craze, and the...
Robinhood’s monthly active user (MAU) base continues to shrink. The trading platform announced Wednesday (Sept. 13) that its MAUs for August came to 10.6 million. That’s down from 11 million at the close of July, and 13.3 million from August 2022. The news follows Robinhood’s earnings report from...
The Binance crypto-trading platform and its CEO Changpeng Zhao have been charged with violating U.S. regulations in federal court. The Commodity Futures Trading Commission (CFTC) charged Zhao, Binance Holdings Limited, Binance Holdings (IE) Limited and Binance (Services) Holdings Limited with violations of the Commodity Exchange Act (CEA) and CFTC regulations,...
Binance Holdings founder and CEO Zhao “CZ” Changpeng has said the exchange could spend over $1 billion on acquisitions and investments, even in spite of the ongoing crypto winter, Bloomberg wrote. Binance has thus far committed $325 million to 67 projects this year, compared with...
August 24, 2022
Coinbase CEO Brian Armstrong made a splash Tuesday (Aug. 23) by announcing that the Nasdaq-listed cryptocurrency exchange was planning to focus more aggressively on moving to a subscription-based trading model. “We’re investing today so much in subscription and services revenue,” he told CNBC on Aug. 23. “I’d like to get to a place where more […]
June 14, 2022
The NFL’s 2000 championship game was named the “Dot-Com Super Bowl” when some 20 of its hugely expensive ads were bought up by tech companies — several of which were...
July 01, 2021
The first thing you might notice would be the profits. In the great IPO parade of FinTechs and platforms that have marked the past several months, the theme has been...
May 05, 2021
We’re in rarefied territory when the price of anything that is traded – on Wall Street, on exchanges, on eCommerce platforms, heck, even tulips of manias past – spike by...
December 17, 2023
Robinhood has reportedly begun enticing customers from more established brokers like Fidelity and Charles Schwab. The online trading platform has received about $1.1 billion in account transfers since Oct. 23, the day it began offering a 1% match on transferred brokerage accounts, the company told The Wall Street Journal (WSJ) in a report published Saturday […]
September 17, 2023
Robinhood believes it has been “misunderstood.” A new movie might not help matters. As The Wall Street Journal (WSJ) reported Saturday (Sept. 16), the trading platform is featured in the new...
September 14, 2023
Robinhood’s monthly active user (MAU) base continues to shrink. The trading platform announced Wednesday (Sept. 13) that its MAUs for August came to 10.6 million. That’s down from 11 million at the close...
March 27, 2023
The Binance crypto-trading platform and its CEO Changpeng Zhao have been charged with violating U.S. regulations in federal court. The Commodity Futures Trading Commission (CFTC) charged Zhao, Binance Holdings Limited, Binance Holdings (IE) Limited and...
