Robinhood's IPO filing could reportedly come as early as March

Rafael Henrique/SOPA Images/LightRocket via Getty Images, Brendan McDermid/Reuters Robinhood's IPO could come as early as March, Bloomberg reports. It was initially expected to come around May. With its latest funding round, the app could be valued at around $30 billion, the outlet reports. Visit the Business section of Insider for more stories. Investment platform Robinhood is expected to file for an IPO as early as March, according to Bloomberg, citing sources close to the company. Th...
Tags: Amc, Trends, Bloomberg, Reddit, Goldman Sachs, Robinhood, Gamestop, Reuters, SPAC, IPO Bloomberg, Dominic Madori Davis, Rafael Henrique SOPA Images LightRocket, Getty Images Brendan McDermid Reuters Robinhood, Depository Trust Clearing Corporation Bloomberg, House Finance Services Committee Bloomberg

Wall Street must-reads: Goldman Sachs CEO David Solomon wants more face time; job cuts are back at Bank of America

Hello, readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:Insiders say Bank of America is culling traders and bankers again after pausing cuts during the pandemicGoldman Sachs CEO David Solomon wants this year's summer analysts working in the office Four Goldman alums have raised $14 million to build a new trading venueBlackRock's Aladdin and cloud-data storage firm Snowflake are partnering upCheck out our weekly roundup of must-k...
Tags: Trends, Bank Of America, Bitcoin, Hsbc, Goldman Sachs, Getty, Goldman, Robinhood, Blackrock, Jpmorgan, Sachs, BMO Capital Markets, JPMorgan Chase, Gordon Smith, TIAA, Aladdin

Goldman Sachs CEO David Solomon wants more face time; job cuts are back at Bank of America

Hello, readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:Insiders say Bank of America is culling traders and bankers again after pausing cuts during the pandemicGoldman Sachs CEO David Solomon wants this year's summer analysts working in the office Four Goldman alums have raised $14 million to build a new trading venueBlackRock's Aladdin and cloud-data storage firm Snowflake are partnering upCheck out our weekly roundup of must-k...
Tags: Trends, Bank Of America, Bitcoin, Hsbc, Goldman Sachs, Getty, Goldman, Robinhood, Blackrock, Jpmorgan, Sachs, BMO Capital Markets, JPMorgan Chase, Gordon Smith, TIAA, Aladdin

David Solomon wants more face time - Cuts are back at BoA - BlackRock teams up with Snowflake

Hello, readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:Insiders say Bank of America is culling traders and bankers again after pausing cuts during the pandemicGoldman Sachs CEO David Solomon wants this year's summer analysts working in the office Here's our weekly roundup of must-know Wall Street people movesA quartet of ex-Goldman Sachs trading execs have raised $14 million to build a new trading venueBlackRock's Aladdin busin...
Tags: Minnesota, Trends, Bank Of America, Bitcoin, Hsbc, Goldman Sachs, Getty, Goldman, Robinhood, Blackrock, Jpmorgan, Sachs, BMO Capital Markets, JPMorgan Chase, Gordon Smith, Aladdin

Churchill Capital Corp. IV spikes up to 17% after Barstool Sports founder Dave Portnoy says he bought the stock

Getty Images / Cliff Hawkins Churchill Capital Corp IV spiked up to 17% on Friday after Barstool Sports founder Dave Portnoy tweeted that he bought the stock.The EV maker has had a volatile week, with shares down 52% since it announced its planned merger with Lucid Motors."I had a billion people tell me $CCIV was the go button today. I bought it. I'll prob get killed," Portnoy tweeted.Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Churchill Capital Corp...
Tags: Finance, Trends, Markets, Trading, Warren Buffett, Stock Market, Robinhood, Churchill, Portnoy, Matthew Fox, Barstool Sports, Lucid Motors, Dave Portnoy, Mover, Churchill Capital, Churchill Capital Corp

10 Things in Tech You Need to Know Today

Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman/Getty Images Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here.Here's what you need to know today.1. Coinbase warns the crypto market could tumble if bitcoin's anonymous creator is identified. While filing to go public, Coinbase noted that should the creator be revealed - or if they sell their $30 billion stake - the m...
Tags: Apple, Amazon, Facebook, Senate, New York City, Trends, Silicon Valley, Airbnb, Robinhood, Coinbase, SPAC, Amazon Alexa, Evercore, Brian Armstrong, Daniel Rausch, Lisa Ryan

Robinhood sees 6M new crypto traders to start the year

"That's more than the number of new crypto traders at Robinhood during the entirety of 2020," Robinhood co-founder Vlad Tenev tweeted Thursday. 
Tags: Finance, Article, Robinhood, Vlad Tenev, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/investing-and-transactions, Fox-business/markets/currencies/bitcoin, Lucas Manfredi, Fox-business/topic/cryptocurrency, 80f211d2-4f46-59f3-b566-86db7a950bb7

This change could help keep the GameStop fiasco from happening again

Part of what made last month's GameStop trading frenzy such a mess: Right as the stock was hitting its peak, Robinhood and other brokerages placed restrictions on traders' ability to buy it (and other surging "meme" stocks like AMC).
Tags: Cnn, Robinhood, Gamestop

A group of Wall Street Bets traders is laying new plans for a 'gamma squeeze' on GameStop stock

Wall Street Bets users have driven up the GameStop stock price REUTERS/Dado Ruvic/Illustration/File Photo A group of traders on Reddit's WallStreetBets forum is targeting GameStop stock once again. This time, the traders are looking to use the options market to initiate a gamma squeeze on shares. Steve Sosnick of Timber Hill told Insider a gamma squeeze did occur during the last run on GameStop. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A group of traders on...
Tags: Trends, Reddit, Robinhood, Gamestop, Hill, WSB, GME, Steve Sosnick, Sosnick, Vicky Ge Huang, Will Daniel, REUTERS Dado Ruvic Illustration, KitrosReddit, Gamma Squeezes

'I think he's a rat and a liar': Watch Dave Portnoy and Vlad Tenev's heated Robinhood debate

Barstool Sports/YouTube The Barstool Sports founder and the Robinhood CEO spoke on Portnoy's YouTube channel on Tuesday. Portnoy opened by calling Tenev a 'rat' and pressed the CEO on Robinhood's liquidity issues. Visit the Business section of Insider for more stories. If you missed the livestreamed conversation between Barstool Sports' Dave Portnoy and Robinhood CEO Vlad Tenev, here's what you need to know-and how to watch.It started on an awkward note. In his introduction, Portnoy made ...
Tags: News, Youtube, Trends, Tech, Investing, Robinhood, Gamestop, Vlad Tenev, Congressional, Vlad, Portnoy, Tech Insider, Barstool, Tenev, Dave Portnoy, Annabelle Williams

Tech stocks slide as inflation fears mount amid strong labor-market data

Reuters US stocks were mixed Thursday morning as investors mull inflation worries, rising bond yields, and better-than-expected jobs data. The 10-year Treasury yield is near its highest level in a year. Stocks popular among Reddit-traders are rallying again. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks opened lower on Thursday morning, with the tech-heavy Nasdaq sliding as investors mulled how better-than-expected jobless data would impact inflation. T...
Tags: Texas, Koss, US, Trends, Markets, Bloomberg, Joe Biden, Reddit, Treasury, Pimco, SEC, Berkshire Hathaway, Nasdaq, Robinhood, Dow, S&P 500

Jeep restores Springsteen ad, and Unilever ramps up racial justice efforts: Thursday Wake-Up Call

Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. If you're reading this online or in a forwarded email, here's the link to sign up for our Wake-Up Call newsletters. The Boss is back Good morning! Jeep has once again posted its Super Bowl spot featuring music legend Bruce Springsteen on YouTube, now that the rock star has been cleared of driving while intoxicated and reckless driving charges, writes Ad Age’s E.J. Schultz. The auto brand ha...
Tags: Bruce Springsteen, Pinterest, Nbc, Advertising, Unilever, Showtime, Reddit, The Office, Robinhood, Paramount, Bush, Springsteen, McCoy, Schultz, Dunkin, Michael Bolton

10 things you need to know before the opening bell

Angela Weiss/Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Sign up for Insider Investing for your weekly markets analysis.Here's what you need to know before markets open.1. Global stocks rise as Fed Chair Jerome Powell confirms interest rates will remain low for longer. Equities stabilized after the Fed boss struck a dovish tone in both of his Congressional testimonies this week, but US futures slipped in early tradin...
Tags: Global, US, Trends, Tesla, Barclays, Reddit, Warren Buffett, Robinhood, Equities, Gamestop, Fed, Congressional, Daily Journal, Tom Lee, Angela Weiss Getty, Harry Robertson

Charlie Munger: Robinhood luring amateurs with commission-free trading is a 'dirty way of making money'

Berkshire Hathaway Vice Chairman Charlie Munger issued a warning Wednesday that nothing is ever really free -- at least when it comes to Robinhood and other brokerage apps that are trying to lure amateur investors in with promises of commission-free trading on their platforms. 
Tags: Finance, Article, Berkshire Hathaway, Robinhood, FBN, Charlie Munger, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/markets/stocks, Fox-business/business-leaders, Fox-business/investing-and-transactions, Lucas Manfredi, Ec605333-d87c-5f43-9531-1fe0c650a21a

GameStop's Doing a Thing Again

GameStop, little diva that she is, is in the spotlight once more after shares of the company skyrocketed on Wednesday. Read more...
Tags: Science, Finance, Stock Market, Short, Robinhood, Gamestop, Financial Markets, Short Selling, GME, Short Squeeze, Business Finance, Subreddits, Keith Gill, Rwallstreetbets

Warren Buffett's right-hand man blasted Robinhood, slammed SPACs, dismissed bitcoin, and warned against speculating at the Daily Journal annual meeting. Here are the highlights.

Charlie Munger. Lacy O'Toole/CNBC/NBCU Photo Bank via Getty Images Charlie Munger discussed GameStop, Bitcoin, SPACs, and other hot topics.Warren Buffett's business partner spoke at the Daily Journal annual meeting.Munger warned the speculation in stocks will end badly.Visit the Business section of Insider for more stories.Warren Buffett's right-hand man issued a warning to stock-market speculators, criticized the trading platforms enabling them, blasted SPACs, and downplayed the signif...
Tags: Amazon, China, Kodak, Trends, General Motors, Tesla, Alibaba, Warren, Berkshire Hathaway, Warren Buffett, Jeff Bezos, Costco, Robinhood, Berkshire, Sequoia, Wells Fargo

Warren Buffett's right-hand man blasted Robinhood, slammed SPACs, questioned bitcoin, and warned against speculating at the Daily Journal annual meeting. Here are the highlights.

Charlie Munger. Lacy O'Toole/CNBC/NBCU Photo Bank via Getty Images Charlie Munger discussed GameStop, Bitcoin, SPACs, and other hot topics.Warren Buffett's business partner spoke at the Daily Journal annual meeting.Munger warned the speculation in stocks will end badly.Visit the Business section of Insider for more stories.Warren Buffett's right-hand man issued a warning to stock-market speculators, criticized the trading platforms enabling them, and blasted SPACs at the Daily Journal a...
Tags: Amazon, Kodak, Trends, General Motors, Tesla, Alibaba, Berkshire Hathaway, Warren Buffett, Costco, Jack Ma, Robinhood, Berkshire, Gamestop, Wells Fargo, Buffett, Samuel Johnson

Seeking nominations for the top public relations pros that help companies go public

The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Photo by Kena Betancur/AFP/Getty Images Insider is looking for the top PR pros that work on taking companies public.  SPACs and IPOs are becoming an increasingly bigger part of revenue for PR agencies. The deadline for nominations is March 5. Visit the Business section of Insider for more stories. There are a surprisingly high number of companies that are going public despite the ...
Tags: New York, Ipo, Trends, Edelman, Robinhood, Dow Jones, Times Square, SPAC, FTI, KENA BETANCUR, Sean Czarnecki, AFP Getty Images Insider

Michael Bolton wants you to break up with Robinhood

Michael Bolton puts a new musical spin on one of his classic hits in an ad for Robinhood rival Public.com.
Tags: News, Stories, Robinhood, Michael Bolton

Michael Bolton croons a breakup song for investing app Public.com, following Robinhood and Reddit fiasco

The singer gives a new take on “How Am I Supposed to Live Without You.”
Tags: Advertising, Reddit, Robinhood, Michael Bolton

Robinhood CEO says shorting the same shares over and over causes a 'runaway chain reaction' - and it's worth looking at setting a limit

Vladimir Tenev. Noam Galai/Getty Images for TechCrunch Robinhood's CEO criticized the "runaway chain reaction" of short-selling the same shares multiple times."That's a lot of what causes this short-squeeze dynamic to begin with," he told DealBook's conference.There's an argument to be made that the same share should be shorted only once, he said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Short selling the same shares repeatedly causes a "runaway chain reaction...
Tags: Congress, Nokia, Trends, Reddit, SEC, Robinhood, Vlad Tenev, Congressional, Andrew Ross Sorkin, DealBook, New York Times Dealbook, Jay Clayton, Tenev, Shalini Nagarajan, TechCrunch Robinhood, GameStop AMC

'If we had a bunch more headroom, we probably would've let things continue,' Robinhood's Tenev tells Dave Portnoy

It's hard to find two people who better epitomize the retail trading boom than Vlad Tenev, the co-CEO of the popular online broker...
Tags: Robinhood, Vlad Tenev, Tenev, Dave Portnoy

Barclay's Analysts Bet Tesla Stock Is Being Propped Up By r/WallStreetBets

Tesla might be the beneficiary of the GameStonks effect, at least according to analysts for the British bank and investment firm Barclay’s.Read more...
Tags: Science, Cars, Tesla, Stock Market, Robinhood, Share Trading, Gamestop, Financial Markets, Short Selling, Barclay, Business Finance, Keith Gill, In Video Gaming, Rwallstreetbets, Gamestop Short Squeeze, Internet Based Activism

Robinhood is adding more customer service representatives after Congress grilled its CEO about a lack of support lines

Co-founder and co-CEO of Robinhood Vladimir Tenev in 2016. Noam Galai/Getty Images for TechCrunch Trading app Robinhood is expanding its live customer support following a heated Congressional hearing this month.  The company said it will double the number of full-time representatives this year and expand to new areas. Representatives grilled Robinhood CEO Vladimir Tenev last week after a GameStop stock trading frenzy in January. Visit the Business section of Insider for more stories. Stock...
Tags: News, Congress, Trends, Robinhood, Stock Trading, Gamestop, Vlad Tenev, Congressional, Kearns, Menlo Park California, Tech Insider, Noam Galai Getty, Vladimir Tenev, Tenev, Sean Casten, Casten

Robinhood CEO says customers on the platform have reaped $35 billion in gains

Vlad Tenev, co-founder and co-CEO of investing app Robinhood. Noam Galai/Stringer/Getty Images Robinhood CEO Vlad Tenev said the assets of his platform's users have collectively grown by more than $35 billion. Tenev was challenged on this point by lawmakers, who asked how that would compare if users invested their money differently.  The CEO on Thursday defended the platform he founded in 2013 from lawmakers in a five-hour congressional hearing. Sign up here for our daily newsletter, 10 Th...
Tags: Congress, Washington, Trends, Markets, Reddit, Goldman Sachs, Robinhood, Gamestop, Securities And Exchange Commission, Vlad Tenev, McHenry, Citadel, House Financial Services Committee, Jim Himes, Himes, Gabe Plotkin

6 Best Robo-Advisors to Begin Investing Online With

6 Best Robo-Advisors to Begin Investing Online With is a post originally published on: Everything Finance - Everything Finance - Its all about Money! When you begin to think about investing, all of the details can seem extremely daunting. And just this one fact alone is enough to keep a lot of people from even embarking upon the journey of investing. But, what if the initial investing journey could be much simpler? It actually can be. This is where robo-advisors come into play. In fact, it’s act...
Tags: Retirement, Marketing, Investing, Fidelity, Ira, Robinhood, SoFi, Eft, ROTH IRA, Epic Content, Everything Finance Everything Finance, Robinhood Robinhood, M1 Finance M1 Finance

The cult of Cathie Wood, plus SPAC-picking tips from a former CEO

Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through what's been happening in markets, as well as what to expect in the coming weeks. Here's what's on the docket:We profiled Cathie Wood and dug into how she won the funds (and hearts) of both memelord traders and boomer investors.An exploration of what to look for in SPAC investments, straight from former Barings CEO Tom Finke, who's recently gotten in on the craze.We compiled from Jeff Kolitch, who's return...
Tags: Congress, Trends, Investing, Markets, Bank Of America, Bitcoin, Reddit, Getty, Biden, Goldman, Wood, Robinhood, Jefferies, Gamestop, Vlad Tenev, Invesco

What happened last week? The House held its GameStop hearing, Texans lost power, NASA's Mars Rover landed, and Ted Cruz went to Cancun.

NASA's Perseverance rover. NASA/JPL-Caltech/Handout via Reuters What happened last week? Robinhood's CEO testified in a House committee. A winter storm cut off power to millions in Texas.  Senator Ted Cruz faced criticism for the timing of his family trip to Mexico.   Visit the Business section of Insider for more stories. What happened last week?NASA's Perseverance rover landed safely on Mars last week. Mission control hosted a live broadcast during the landing. The rover started beam...
Tags: Apple, Politics, Texas, Washington, Mexico, Trends, Nasa, House, Ted Cruz, Tim Cook, Reddit, Mars, Nissan, Hyundai, Robinhood, Cruz

Can data fix healthcare?

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Can data fix healthcare? Not alone, but you might be able to make a lot of progress with the right data in the right hands. And that’s precisely what the startup we’re talking about tod...
Tags: Fundings & Exits, Startups, Microsoft, America, Tech, Chicago, United States, Healthcare, Slovakia, Public, Seattle, Robinhood, Adyen, TechCrunch, Exchange, Providence

This Week in Apps: Sneak peek at TikTok shopping, new iOS and Android betas, kids’ app Prodigy hit with FTC complaint

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with   218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also   3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day...
Tags: Apple, Google, TC, Mobile, Facebook, Apps, Europe, Instagram, Microsoft, Congress, Indonesia, Australia, Youtube, Senate, China, India