(Bloomberg) — Robinhood Markets Inc. shares slumped to a fresh low on Wednesday, giving the beleaguered brokerage a market value that’s less than the cash on its balance sheet. After posting more than $3 billion of losses since its initial public offering in late July, Robinhood’s shares have plunged more than 80%, cutting its market […]
Read More(Bloomberg) — Goldman Sachs Group Inc. analysts cut Robinhood Markets Inc. to sell, less than a year after the bank led its popular initial public offering. It joined JPMorgan Chase & Co., the other lead IPO bookrunner, in turning bearish on the free-trading app that rose to prominence during the peak of the pandemic as […]
Read More(Bloomberg) — Robinhood Markets Inc.’s free fall has stopped, at least for now. After losing more than two-third of its value since the company’s initial public offering, the stock erased early declines Friday, a day after reporting fourth-results that missed Wall Street estimates. The shares rose 52 cents to $12.13 at 12:54 p.m. in New […]
Read MoreLess than a week into the new year, a 27-year-old truck driver from Connecticut might have given Robinhood HOOD a whole new thing to be worried about in 2022. On January 6, an arbitrator for the Financial Industry Regulatory Authority ruled that the zero-commission trading platform was liable for $29,460.77 in compensatory damages to Jose […]
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