Robinhood CEO Vlad Tenev claims the incoming Trump administration "gets it" when it comes to Bitcoin and crypto, expressing hopes for a Bitcoin strategic reserve.
Robinhood reveals its growth plans during Investor Day, including Asia expansion, tokenization, low-cost advisory solutions and sports betting contracts.
Robinhood co-founder and CEO Vlad Tenev joins 'Squawk Box' to discuss bitcoin's latest rally, Fed Chair Powell's comments on the cryptocurrency, impact of President-elect Trump's pick to lead the SEC, Robinhood's first-ever investor day, possible venture into sports betting, and more.
Robinhood Markets Inc (NASDAQ: HOOD) climbed to a multi-year high as Bitcoin soared past the closely watched $100,000 level on Thursday. The last time its shares traded above $40 was in late 2021.
The upstart online brokerage is aiming to be the top destination for serious traders who prefer to click around on their big screens.
Robinhood (HOOD 3.52%) announced incredible rates of growth in assets under custody and deposits in November, and that should keep the company's operational momentum going. In this video, Travis Hoium covers everything you need to know about Robinhood's latest announcement.
Chief Executive Vlad Tenev indicated that a move into sports could take the form of event contracts, like the ones the firm launched right before the presidential election. Shares of Penn Entertainment, Flutter and Draft Kings all moved lower shortly after Tenev made the comments, but the changes were modest.
Robinhood (HOOD 2.65%) isn't the company it was when its zero-fee trading platform came on the scene during the pandemic. It's increasingly becoming a great place to invest for retirement and to get credit cards.
Robinhood Markets (HOOD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Robinhood has achieved significant growth, with a 65% stock increase since October 5th, driven by profitability and expansion into new product lines. The company's Q3 revenue rose 36% YoY to $637 million, with notable increases in Average Revenue Per User and Gold Subscribers. Recent acquisitions and product launches, including TradePMR and new crypto offerings, position Robinhood as a more holistic financial services provider.
Robinhood stock price has been in a strong bull run since 2023, helped by the strong performance of American equities and cryptocurrencies. The HOOD share price peaked at $39.70, its highest level since October 2021, giving it a market cap of over $33 billion.
Robinhood is a clear winner of the post-election rally, having soared more than 50% since Nov. 5. Read on to know whether you should buy the stock now or wait.