On December 12, Cathie Wood's ARK Invest made some major moves in the stock market. They sold off some of their Tesla and SoFi shares but bought more of Robinhood and Block. This shows they are still big on financial tech and digital platforms. Tesla's sales in the U. S. dropped by 23% in November.
Robinhood, the platform known for trading stocks and cryptocurrencies, saw a drop in activity last month. In November, the value of crypto trades fell by 12% compared to October. This means people were trading less crypto on Robinhood. At the same time, stock trades also dropped by a big 37%. Overal
Robinhood's stock price dropped around 9% recently. This happened after the company reported lower trading activity across different markets. In November, trading volumes fell by 37% for stocks, 28% for options, and 12% for cryptocurrencies. This decline is likely due to worries about market bubbles
Robinhood is making waves in Canada's crypto world. They recently announced a deal to buy WonderFi, a major player in the Canadian crypto market, for about 178. 56 million dollars. This move is part of Robinhood's plan to grow bigger in the global crypto scene. WonderFi runs two big crypto platform
Robinhood is making a bold move to expand its reach into the crypto world. They have announced plans to acquire WonderFi, a Canadian crypto company, for approximately 180 million dollars. This acquisition is part of Robinhood's strategy to grow its user base and become a key player in the financial
Robinhood has been called out by Massachusetts regulators for its new prediction markets hub. This hub allows users to bet on various events, including college basketball games. The Secretary of the Commonwealth, Bill Galvin, has sent a subpoena to Robinhood, seeking information about the hub's laun
Robinhood, a popular trading platform, has become a major player in the crypto world, especially with meme coins like Dogecoin. In the past year, Dogecoin's value has skyrocketed by 220%, making it the 8th most valuable crypto. Robinhood's users own a huge chunk of Dogecoin, around 24% of all circul
Imagine if the Securities and Exchange Commission (SEC) turned pro-crypto. That's what analysts are banking on for Robinhood's stock to skyrocket. Gautam Chhugani from Bernstein sees a 44% upside for the online trading platform, especially with former President Donald Trump potentially easing regula
Robinhood has made a splash in the political prediction market, allowing users to trade contracts on who will win the 2024 presidential election: Kamala Harris or Donald Trump. From 8 a. m. to 8 p. m. ET, qualified U. S. citizens can jump into the game, but there's a limit of 5, 000 contracts per us
You might be surprised to know who's in the running to replace the current head of the Securities and Exchange Commission (SEC). Dan Gallagher, who works at Robinhood, is said to be a top pick if Donald Trump wins the presidency. Gallagher was once an SEC commissioner himself. Some people close to t
