Robinhood shares jump 14% on report FTX may be exploring a deal

A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Soup Images | Lightrocket | Getty Images Robinhood shares jumped on Monday after Bloomberg News reported crypto exchange FTX was considering acquiring the trading app. The stock soared 14% to its session high and was briefly halted after a report … Read more

Singapore fintech Nium plans aggressive expansion in Europe

Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images LONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business. The company, whose software helps … Read more

Robinhood HOOD Q1 2022 earnings

Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom that captivated Wall Street a year ago may have run out of steam. Shares of the company were down more than 11% in after hours trading, hitting all-time lows. Robinhood emerged as one … Read more

Robinhood cutting about 9% of full-time employees

Retail brokerage firm Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. CEO Vlad Tenev made the announcement in a blog post on Tuesday afternoon. Shares fell more than 4% in extended trading. The move will affect about 9% of full-time employees. Robinhood reported 3,800 full-time employees … Read more

Robinhood to launch in Britain with deal to buy crypto app Ziglu

A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Soup Images | Lightrocket | Getty Images Robinhood said Tuesday it has agreed to buy Ziglu, a London-based fintech app that allows users to trade bitcoin and several other cryptocurrencies. The acquisition will help in its expansion plans in the … Read more

Robinhood adds four additional hours to extended trading for clients

Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq As some Robinhood clients head back to the office following the pandemic, the stock trading app — which has experienced a slowdown in volume this year — is now offering extra hours in the … Read more