
Robinhood users have taken to Twitter to express their displeasure as they are unable to revel in the SVB and Signature Bank failure.
Robinhood is a stock brokerage that allows customers to buy and sell U.S. listed stocks and ETFs with zero commission.
Robinhood Markets Inc., or simply Robinhood, is a U.S.-based financial services company headquartered in Menlo Park, California. The company offers the Robinhood smartphone mobile app, which allows individuals to invest in publicly tradedcompanies and exchange-traded funds listed on U.S. stock exchanges without paying a commission. The company makes money from interest earned on customers’ cash balances and margin lending, and by selling order flow to high frequency trading firms.
After an April 2017 fundraising, Robinhood had a $1.3 billion valuation. The Wall Street Journal reported in 2018 that the company had closed another round of financing that valued the company at $5.6 billion.
Robinhood users have taken to Twitter to express their displeasure as they are unable to revel in the SVB and Signature Bank failure.
Investment management powerhouse Ark Invest has added more Robinhood and Coinbase stock to its holdings amid tame tech developments.
With iOS users able to enjoy the benefits of Robinhood Wallet now, an Android-compatible version will be launched later this year.