A look inside Robinhood during meme-stock maniaThe trading app Robinhood has grown explosively, gone public and, for good measure, is now getting into crypto wallets. But internal exchanges between company […]
Tenev, Vladimir
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Back to news homeRobinhood Prices Its I.P.O. at $38 a Share
SAN FRANCISCO — Robinhood is known for its association with “meme stocks.” Now the stock trading app could become one.On Wednesday, Robinhood priced its initial public offering at $38 a […]
Robinhood’s Guinea Pig for Upending Public Offerings: Itself
SAN FRANCISCO — When Vlad Tenev and Baiju Bhatt created the stock trading app Robinhood in 2013, the entrepreneurs declared that their mission was to democratize Wall Street and make […]
Robinhood Reveals Rising Revenue and a $1.4 Billion Loss
The company’s shareholders, however, stuck with it. Within a week, it raised two rounds of emergency funding totaling $4.4 billion to meet lending requirements for stock trades and to continue […]
Robinhood, Under the Gun, Raises $2.4 Billion
By limiting trading, it was able to bring down the cushion of cash, or margin, it was required to keep by its clearinghouse. The company eased some of those curbs […]