Robinhood Markets NASDAQ: HOOD broker dyskontowy - aplikacja na smartfony

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Robinhood (NASDAQ:HOOD) stock fell over 13% after the trading app reported a larger than expected loss in the fourth quarter, disappointing revenue guidance for the first quarter of this year as well as a drop in monthly active users.

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BOSTON (Reuters) -A Massachusetts judge on Wednesday dealt state securities regulators a major setback in their enforcement action against online brokerage Robinhood (NASDAQ:HOOD) by declaring the state's new fiduciary duty rule that underlies parts of the case invalid.

Suffolk County Superior Court Judge Michael Ricciuti in Boston ruled https://tmsnrt.rs/3JXkqV5 in a lawsuit Robinhood filed after Massachusetts Secretary of State Bill Galvin in December 2020 accused it of encouraging inexperienced investors to place risky trades.

The decision impacts only part of Galvin's administrative enforcement action, and he may still pursue claims that Robinhood's conduct was unethical or dishonest and that it failed to adequately supervise employees.

Galvin, the state's top securities regulator, alleged Robinhood used strategies that treated trading like a game to lure young, inexperienced customers, including by having confetti rain down on the user's screen for each trade made on its app.

He argued that Robinhood violated a fiduciary duty rule he adopted in early 2020 that raised the investment-advice standard for brokers and that its broker-dealer license in the state should be revoked.

The Massachusetts rule went beyond a standard the U.S. Securities and Exchange Commission adopted in 2019 by requiring broker-dealers have a fiduciary obligation to provide investment without regard to the interests of anyone but their customers.

But Ricciuti wrote the rule improperly overrode Massachusetts state law governing stockbrokers' duties and that Galvin went beyond his authority by adopting a regulation that conflicted with federal law.

He put his decision on hold to allow Galvin, a Democrat, time to appeal. Debra O'Malley, a spokesperson for Galvin, said his office is reviewing the decision and weighing its options.

An administrative trial is scheduled for Sept. 26.

Dan Gallagher, Robinhood's chief legal office, in a statement welcomed the ruling, saying Galvin has "consistently mischaracterized and disparaged Robinhood's platform and customers without any legal basis."

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Robinhood to Buy London-based Fintech Ziglu

Investing.com -- Robinhood Markets Inc (NASDAQ:HOOD) revealed in a post on its blog on Tuesday that it has signed a deal to acquire Ziglu, a UK-based "electronic money institution and cryptoasset firm."

Shares of the popular trading app maker rose 3.4% on Tuesday.

Robinhood is waiting to launch in the UK after previously halting plans. However, the deal for Ziglu will help accelerate its expansion in the UK and Europe, the company said.

Ziglu customers are able to buy and sell 11 cryptocurrencies, earn yield through its "Boost" products, pay using a debit card and spend money abroad without fees, Robinhood said in its post.

“Ziglu’s impressive team of deeply experienced financial services and crypto experts will help us accelerate our global expansion efforts,” said Vlad Tenev, CEO and Co-Founder of Robinhood Markets.

Adding: “Together with the Ziglu team, we’ll work to leverage the best of both companies, exploring new ways to innovate and break down barriers for customers across the UK and Europe.”

Following the news, JMP Securities analyst said the deal should accelerate Robinhood's crypto expansion.

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Robinhood (NASDAQ:HOOD) stock fell 2.4% after the Wall Street Journal reported that the Securities and Exchanges Commission is drawing up plans that would force more competition for executing investors’ orders, hitting the business model espoused by the broker-dealer.

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loomberg reported that privately held crypto exchange FTX was considering an acquisition of Robinhood Markets Inc (NASDAQ:HOOD). The beleaguered stock brokerage saw its shares jump 14% on the reports. FTX's founder and CEO Sam Bankman-Fried already owns a 7.6% stake in the company, and FTX has been in the news recently for a series of crypto sector bailouts.

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Robinhood redukuje zatrudnienie o 23 proc.

https://www.pb.pl/robinhood-redukuje-za ... oc-1157487

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(Reuters) - Robinhood Markets Inc (NASDAQ:HOOD) said on Friday it was closing five more offices, as part of a broader program aimed at changing its organizational structure announced in August.

No employees were being laid off as a result of the closures, it disclosed in a regulatory filing.

The Menlo Park, California-based brokerage said it expects these additional office closures to result in restructuring charges of around $45 million and generate annual run-rate savings of about $4 million per quarter, between the fourth quarter of 2022 and the first quarter of 2024.

Robinhood, which had already slashed 9% of its workforce in April, blaming some duplicate roles and job functions on the company's growth, said it was laying off about an additional 23% of its employees last month.

The trading platform played a central role in the retail-trading frenzy during the pandemic but it has posted declines in revenue in recent months as its customer base has been spooked by rising interest rates and decades-high inflation.

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Reuters) - Robinhood Markets Inc (NASDAQ:HOOD) said in a filing on Monday it had received an investigative subpoena in December from the U.S. Securities and Exchange Commission related to listings of cryptocurrencies.

The collapse of Sam Bankman-Fried's FTX was the biggest in a string of major crypto-related failures in 2022, which sparked a cryptocurrency rout and left creditors facing losses of billions of dollars.

FTX filed for bankruptcy in November, which spurred an intervention from regulators around the world and dealt a blow to investor sentiment in the sector.

The SEC has maintained that pre-existing securities laws also apply to digital assets and that many crypto tokens meet the definition of a security, which the crypto industry has previously criticized.

Robinhood said the subpoena it received from the SEC was regarding the supported currencies at Robinhood Crypto LLC, which is a wholly-owned subsidiary of the brokerage, as well as its custody of cryptocurrencies and other platform operations.

Earlier this month, Robinhood also said it planned to repurchase its shares from Sam Bankman-Fried's Emergent Fidelity Technologies as U.S. prosecutors were in the process of seizing its shares tied to the former FTX CEO.

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Robinhood gains 4% on Q1 beat, announces 24-hour market

Robinhood (NASDAQ:HOOD) shares rose more than 4% after-hours following the company’s reported Q1 results, with EPS of ($0.57) coming in better than the consensus estimate of ($0.62). Revenue grew 16% sequentially to $441 million, beating the consensus estimate of $426.76M.

Transaction-based revenues grew 11% sequentially to $207M, with Options up 7% to $133M, Cryptocurrencies up 1% to $38M, and Equities up 29% to $27M.

Net interest revenue grew 25% sequentially to $208M, driven by growth in interest-earning assets, increased securities lending activity, and higher short-term interest rates.

Net cumulative funded accounts increased 120,000 sequentially to 23.1M, and monthly active users (MAU) increased 0.4M sequentially to 11.8M.

The company confirmed it will debut a 24-Hour Market, which will allow investors to place limit orders to buy whole shares of 43 of the most traded ETFs and individual stocks. It will be released for a subset of customers next week and will be available to everyone in June.

Following the results, Mizuho Securities shared its first take, noting that Q1 continued to verify its bullish stance. According to the firm, Robinhood continues to surprise on EBITDA, with another 400bps Q/Q margin improvement, lowering SBC expectations for the year. The firm reiterated its Buy rating and $14 price target.

https://www.investing.com/news/stock-ma ... SI-3079266

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Robinhood Markets Inc (NASDAQ:HOOD), up 6%, reported first-quarter results that topped Wall Street estimates, driven by “better securities lending related revenues,” Goldman Sachs said, though added it remained neutral on the stock.

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(Reuters) -Trading platform Robinhood (NASDAQ:HOOD) Markets said on Monday it was cutting some of its full-time jobs, as it looks to offset costs amid slowing demand for its services.

The Menlo Park, California-based company added that in some cases, teams could make changes based on volume, workload and other factors.

Earlier in the day, the Wall Street Journal reported the company's move.

Robinhood played a crucial role in the retail-trading frenzy during the pandemic but has struggled with a contracting customer base spooked by higher cost of commodities.

The news comes a week after the company announced that it was buying financial technology firm X1 Inc for about $95 million in cash as it looks for new revenue streams to counter weakness in its mainstay trading unit.

Robinhood last year said announced job cuts and said that it would change its organizational structure to drive greater cost discipline.

In its most recent quarter, the company surpassed Wall Street revenue estimates, as the U.S. Federal Reserve's rapid rate hikes boosted its interest income.

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Robinhood beats revenue estimates, shares fall on decline in users

(Reuters) -Robinhood Markets Inc reported higher second-quarter revenue on Wednesday as interest rates continued to buoy the online brokerage’s interest income, achieving profitability for the first time as a public company even as it saw fewer users.

Shares of the company, which was at the center of 2021's retail trading frenzy, were last down 4% in extended trading as investors scrutinized the platform's decline in monthly active users.

Net interest revenue soared 243% to $442 million in the second quarter compared to a year earlier, as the brokerage's margin investing business benefited from the U.S. central bank's monetary policy tightening campaign to combat decades-high inflation.

Taking some of the shine off gains from higher rates, retail traders — who had used Robinhood (NASDAQ:HOOD)'s platform through most of 2021 to pump money into so-called meme stocks — pulled back amid volatile market conditions.

As a result, transaction-based revenue declined 5% in the second quarter. Monthly active users also decreased to 10.8 million, one million fewer compared to the previous quarter and 3.2 million fewer than the year prior.

Earnings per share in the second quarter were $0.03, beating analysts' average estimate of a loss of $0.01, according to Refinitiv data.

"We've been talking about for the last several quarters how we want to be lean and scrappy from a cost perspective, and we've been keeping our eye on that very closely," Jason Warnick, Robinhood's chief financial officer, told reporters.

In June, the Menlo Park, California-based company announced was buying financial technology firm X1 Inc for about $95 million in cash as it looks for new revenue streams to counter weakness in its mainstay trading unit. The company also said it was cutting some of its full-time jobs, as it looks to offset costs amid slowing demand for its services.

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(Reuters) - Robinhood (NASDAQ:KAPTURRynki w czwartek odrzuciły apelację inwestorów w sprawie decyzji platformy obrotu akcjami o ograniczeniu zakupów 13 "akcji memów" podczas szaleństwa w styczniu 2021 r., Które ścisnęło fundusze hedgingowe.

Klienci, którzy posiadali akcje takie jak AMC Entertainment (NYSE:AMC), dawny Bed Bath & Beyond (OTC:BBBYQ) i GameStop (NYSE:GME) twierdził w proponowanym pozwie zbiorowym, że stracił pieniądze, ponieważ Robinhood powstrzymał ich przed kupowaniem więcej, ponieważ handel napędzany mediami społecznościowymi spowodował wzrost cen.

Inni posiadacze akcji również powiedzieli, że zostali poszkodowani, ponieważ ograniczenia ostatecznie spowodowały spadek cen ich akcji.

Ale w decyzji 3-0, 11th U.S. Circuit Court of Appeals w Atlancie stwierdził, że standardowa umowa z klientem Robinhood wyraźnie autoryzowała ograniczenia i nie sugerowała, że Robinhood zaakceptuje wszystkie zamówienia handlowe.

Sąd odrzucił również zarzuty, że Robinhood dopuścił się zaniedbania, nie chroniąc inwestorów przed utratą pieniędzy lub nie zapewnił, że jego "systemy o znaczeniu krytycznym" będą działać poprawnie.

"Kiedy Robinhood ograniczył możliwość kupowania akcji memów przez swoich klientów, otrzymał spore - i być może uzasadnione - uderzenie w sąd opinii publicznej" - napisał sędzia okręgowy Britt Grant. "Ale w tym sądzie Robinhood jest odpowiedzialny tylko za określone obowiązki prawne".

Prawnicy powodów nie odpowiedzieli natychmiast na prośby o komentarz. Robinhood i jego prawnicy nie odpowiedzieli natychmiast na podobne żądania.

Czwartkowa decyzja podtrzymała orzeczenie z listopada 2021 r. wydane przez sędzię główną Cecilię Altonaga z sądu federalnego w Miami.

Szał na akcje memów został częściowo podsycony przez inwestorów korzystających z forów internetowych, takich jak Twitter i subreddit WallStreet Bets.

Doprowadziło to do "krótkiego wyciskania", które spowodowało duże straty dla funduszy hedgingowych, które obstawiały, że ceny akcji spadną, a to, co Robinhood nazwał "ponadwymiarowymi wezwaniami do zabezpieczenia regulacyjnego" dla Menlo Park, firmy z siedzibą w Kalifornii i innych brokerów.

Robinhood jest również pozywany przez inwestorów, którzy sprzedali dziewięć akcji memów ze stratą na przełomie stycznia i lutego 2021 r.

Akcje Robinhood wzrosły o 3 centy do 10,83 USD w południe w czwartek.

Sprawa jest In re January 2021 Short Squeeze Trading Litigation, 11th U.S. Circuit Court of Appeals, nr 22-10669.