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The Latest Breaking News from Robinhood

Hacker who ran BreachForums could face 20 years in prison

The alleged administrator of leading online hacking community BreachForums has been arrested following a US police operation last week. Conor Brian Fitzpatrick, who goes by the online moniker of ‘Pompompurin’, was arrested and charged with conspiracy to commit access device fraud, according to court documents filed in the US. SEE…

IT Pro

4 Robinhood Stocks to Buy Right Now

Zero-commission trading platform Robinhood is highly attractive to Gen Z and millennial investors. Therefore, stocks traded on the Robinhood platform are considered popular and trending. While all Robinhood stocks are not fundamentally sound, Taiwan Semiconductor Manufacturing (TSM), Pfizer (PFE), General Motors (GM), and Nokia (NOK) hold the potential to deliver…

StockNews.com

Robinhood and Coinbase shares end February on down note

Robinhood and Coinbase ended the month down 6.6% and 1.3%, respectively.

Fortune

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Robinhood received SEC subpoena shortly after FTX collapsed

The subpoena is another potential threat to Robinhood's struggling crypto business.

Fortune

Software Stocks for 2023: 1 to Buy and 2 to Avoid

Innovation in the software industry will likely continue bringing waves of investments. However, global economic instability is expected to compound near-term challenges for the software industry. While we think Salesforce (CRM) might be worth buying, fundamentally weak software stocks Robinhood Markets (HOOD) and Matterport (MTTR) could be best avoided. Keep…

StockNews.com

3 Sorry Stocks to Sell Now Before It Gets Too Late

Rising borrowing costs could cause an economic downturn and induce more volatility in the stock market. Hence, it could be wise to avoid fundamentally weak stocks Snap (SNAP), Robinhood Markets (HOOD), and Peloton Interactive (PTON) before it gets too late. Read more….

StockNews.com

A glitch in Robinhood's system let users place bets that cost the company $57 million in one day

Robinhood users were briefly able to sell more shares than they owned in a healthcare company, causing the trading app to lose $57 million in December.

Fortune

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Robinhood to buy back Sam Bankman-Fried's stake in brokerage

The decision follows a months-long fight over who owns the 7.6% stake in Robinhood after FTX declared bankruptcy.

Fortune

Alphabet spent $2 billion on layoffs. Here’s how much job cuts cost Meta, Amazon, and 7 other companies

Companies conduct layoffs to cut costs, but they end up being a pricey approach.

Fortune

Robinhood’s crypto business continues to decline during Crypto Winter as customers steer clear of trading

The drop came amid a major retrenchment in the crypto industry.

Fortune

America’s biggest banks are teaming up to take on Apple Pay and PayPal with a new digital wallet. Analysts think it could flop

The company behind the popular payment service, Zelle, is launching a new wallet to compete with payment behemoths PayPal and Apple Pay.

Fortune

Sam Bankman-Fried Fights To Keep Control Of $450M In Robinhood Shares As Creditors Circle

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million

Zenger

Sam Bankman-Fried's lawyers just filed a claim to keep his $450 million in Robinhood shares, arguing he needs them for legal fees

The disgraced crypto founder, once worth $26.5 billion, said he only has $100,000 in his bank account.

Fortune

Robinhood launches retirement waitlist for first ever IRA with a 1% match

With more workers joining the gig economy and inflation reaching record-breaking levels, Robinhood is giving more Americans the push they need to start saving for retirement.

Fortune

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StockNews.com

3 Software Stocks to Sell Right Now and 1 to Buy

Despite being well-positioned for long-term growth, the application software industry has near-term headwinds to deal with. Hence, avoiding fundamentally weak stocks Robinhood (HOOD), Monday.com (MNDY), and Matterport (MTTR) could be wise, while fundamentally strong software stock Progress Software (PRGS) could be a great buy right now. Continue reading….

StockNews.com

The Best Software Stock to Buy in November and the Worst

With inflation showing signs of cooling, the Fed is expected to slow down its rate hike aggression in the coming months. This might bode well for the tech and software industry. Moreover, amid rapid digitization, the growth prospects of the software industry should remain solid. Thus, quality software stock Commvault…

Los Angeles Times

Michael Hiltzik: Crypto tycoon Sam Bankman-Fried didn't lose a $16 billion fortune. His 'fortune' was never real

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.

WEKU

It's the end of the boom times in tech, as layoffs keep mounting

Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.

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Bangkok Post

Treading a familiar path to super-app status

Robinhood, the Thai on-demand service application, has set an ambitious target to become a regional platform in the near future.

StockNews.com

3 Stocks You Need to Sell Pronto

Despite the latest inflation data showing a marginal slowdown, inflation is still hovering around an uncomfortably high level, and an end to Fed’s hawkish stance is nowhere in sight. With businesses being increasingly hurt by slowing down demand and rising borrowing costs, it could be wise to get rid of…

Benzinga

Crypto's White Knight Needs A White Knight: Could The FTX/CZ Drama Be Sam Bankman-Fried's Fall From Grace?

FTX co-founder Sam Bankman-Fried was riding high for several years with his company rapidly growing market share in the cryptocurrency space. The increase in valuation for FTX helped Bankman-Fried’s wealth increase and also led to partnerships and deals with sports teams and athletes around the world.

Benzinga

Robinhood Traders Beat The S&P 500: Is The Retail Investor Back?

Robinhood Markets Inc (NASDAQ: HOOD) stock traded lower Friday, giving up some of its post-earnings gains after the popular online trading platform reported better-than-expected third-quarter revenue and

Benzinga

Robinhood Analysts Praise Q3 Earnings, 'Product Innovation': Are Expectations Now Running High For Coinbase?

Equity and crypto trading company Robinhood Markets Inc (NASDAQ: HOOD) reported quarterly results Wednesday that came in better than expected and had several items

Benzinga

How To Trade Robinhood Stock Heading Into Q3 Earnings

Robinhood Markets, Inc (NASDAQ: HOOD) was trading slightly lower Wednesday as the company heads into its third-quarter earnings print after the close.

Bangkok Post

Robinhood shifts emphasis to financial services arena

Robinhood, an application for an on-demand delivery service platform under SCB X, plans to apply for two financial business licences that are expected to generate core income over the long term.

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