Robinhood Markets (HOOD) is a financial services platform operating in the U.S. and U.K., best known for its discount trading app. Users can invest in stocks, crypto, exchange-traded funds (ETFs), American depository receipts (ADRs), and options. Since its initial launch, Robinhood has bulked up its offerings with its Gold subscription, retirement plans, a credit card, and more. Established in 2013, Robinhood is headquartered in Menlo Park, California, and carries a market cap of $20.1 billion.
The company, which famously upended the brokerage business model, has been a longtime favorite of Ark Invest founder Cathie Wood, and she holds a stake worth about $292 million in her flagship Ark Innovation ETF (ARKK). HOOD is the No. 7 holding in ARKK currently, at about 4.7% of the fund's weight.
