The popular zero-commission trading exchange warned in its second-quarter earnings report its reliance on cryptocurrency trading, and on dogecoin in particular, was a potential risk.
Regulatory fears have been a major headwind for Robinhood's IPO. Here's why authorities might crack down.
The New York-based investment manager invests heavily in crypto and blockchain companies.
Shares of the popular zero-commission trading app opened down as much as 10% on Thursday before closing the day down 8.4%.
The company prices its offering at $38 per share.
The feature was discovered in the code for a beta test version of Robinhood’s iPhone app.
CEO Vlad Tenev isn’t registered with Finra, new documents show.
Robinhood’s S-1 filings reveal its crypto arm is under fire for inadequate cybersecurity and for breaking anti-money laundering laws.
The stock-trading app will debut in a fast-cooling market, costing it millions in cash and billions in market cap, says our columnist.
Robinhood will offer IPO shares to its own users, highlighting the company's dependence on complex, high-risk bets.
Some 34% of the trading app's cryptocurrency revenue in the first quarter was attributable to DOGE.
The goal now is to list next month ahead of the July 4 holiday weekend.
Robinhood was trying to stop an enforcement action alleging the platform encourages inexperienced users to make risky trades without safeguarding limits.
The filing will give potential investors their first detailed look at the millennial-friendly investment platform’s financials and risks, according to Bloomberg.
Analysts see speculative fever rather than informed bets on the blockchain’s future technological potential.