![]() ![]() The business filed for bankruptcy over the weekend and its stash of HOOD shares is being fought over by various parties including FTX and crypto lender BlockFi. In 2021, the company reported a loss of 502 million, even though revenue doubled compared to last year. Robinhood generated 959 million of revenue in 2020. We expect that number has grown to over 20 million. ![]() The proposed share purchase underscores the confidence the Board of Directors and management team have in our business.”Įmergent Fidelity Technologies is the shell corporation spun up by FTX’s former CEO Sam Bankman-Fried, which was used to purchase 55 million shares of HOOD. In May 2020, Robinhood revealed it had 13 million active users. "On the capital management front, our Board authorized us to pursue purchasing most or all of our shares that Emergent Fidelity Technologies bought in May 2022. Robinhood’s Monthly Users The graph above shows that Robinhood's website traffic increased in the most recent Q4 quarter, earnings from which have yet to be published. Considering Morgan Stanley acquired E-Trade for 13 billion, Robinhood might look like a steal at its current market cap of around 9.7 billion. Robinhood Financial is a member of the Financial Industry Regulatory Authority (FINRA). Securities trading is offered to self-directed customers by Robinhood Financial. All investments involve risks, including the possible loss of capital. Robinhood said on its website that it has 18.9 million monthly active users as of September 30, 2021. Plenty of other consumer finance companies would welcome Robinhood’s 17.3 million monthly active users, many of whom are young and primed to gain in net worth. The Robinhood Money spending account is offered through Robinhood Money, LLC, a licensed money transmitter. ![]() “We stayed focused in the fourth quarter on serving customers, growing our business, and driving long-term shareholder value," said Robinhood’s CFO Jason Warnick. About 660,000 new accounts were funded in the Q3 of 2021. How I solved DB lockups & frequent crashing / stalling of my Plex server. Last week, it also bumped its Gold customer cash accounts yields to 4.15%, 18 times the national average interest rate on savings accounts. In early December, Robinhood released an IRA account program that matches up to 1%. ![]()
0 Comments
Leave a Reply. |