Robinhood Markets

SHAREHOLDER ALERT: Robinhood Markets Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

Retrieved on: 
Friday, March 22, 2024
Block & Leviton, Entrepreneurship, Robinhood Markets, Cryptocurrency

BOSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Robinhood Markets, Inc. (NASDAQ: HOOD) for potential securities law violations.

Key Points: 
  • BOSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Robinhood Markets, Inc. (NASDAQ: HOOD) for potential securities law violations.
  • Investors who have lost money in their Robinhood Markets, Inc. investment should contact the firm to learn more about how they might recover those losses.
  • Shares of Robinhood Markets, Inc. dropped more than 2.5% in intraday trading on March 22, 2024.
  • Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

Robinhood Markets, Inc. Co-Founder Baiju Bhatt To Step Down as Chief Creative Officer

Retrieved on: 
Thursday, March 21, 2024
Entrepreneurship, Friends, Robinhood Markets, Management

MENLO PARK, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that Co-Founder and Chief Creative Officer, Baiju Bhatt, will step down from his executive role after over ten years in leadership to pursue other entrepreneurial interests.

Key Points: 
  • MENLO PARK, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that Co-Founder and Chief Creative Officer, Baiju Bhatt, will step down from his executive role after over ten years in leadership to pursue other entrepreneurial interests.
  • “Baiju and I have been co-founders for over 10 years and friends for over 20,” said Vlad Tenev, CEO and Co-Founder of Robinhood.
  • For more than a decade, I have worked tirelessly to drive our mission to democratize the financial services industry for the betterment of society,” said Baiju Bhatt, Chief Creative Officer and Co-Founder of Robinhood.
  • I look forward to remaining a member of the Robinhood Board of Directors and continuing to support our mission.

Robinhood Markets, Inc. Reports February 2024 Operating Data

Retrieved on: 
Wednesday, March 13, 2024
Crypto, AUC, Robinhood Markets, Net, Cryptocurrency

MENLO PARK, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for February 2024:

Key Points: 
  • MENLO PARK, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for February 2024:
    Funded Customers at the end of February were 23.6 million, up approximately 130 thousand from January 2024.
  • Assets Under Custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024.
  • Net Deposits were $3.6 billion in February, translating to a 42% annualized growth rate relative to January 2024 AUC.
  • Total Cash Sweep Balances at the end of February were $18.1 billion, up $1.3 billion or 8% from the end of January 2024.

Robinhood Markets, Inc. to Present at the JMP Securities Technology Conference on March 4, 2024

Retrieved on: 
Monday, February 26, 2024
Interest, Robinhood Markets, Conference, JMP

MENLO PARK, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that it will be participating in the upcoming JMP Securities Technology Conference on Monday, March 4, 2024.

Key Points: 
  • MENLO PARK, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that it will be participating in the upcoming JMP Securities Technology Conference on Monday, March 4, 2024.
  • Robinhood Chief Financial Officer Jason Warnick is scheduled to present on Monday, March 4, 2024, at 10:00 AM PT / 1:00 PM ET.
  • Interested parties may access a live audio webcast of the presentation by visiting investors.robinhood.com .
  • Following the presentation, a recording will be available for replay for at least 90 days on the same website.

Robinhood Markets, Inc. Reports January 2024 Operating Data

Retrieved on: 
Thursday, February 15, 2024
Crypto, Net, Robinhood Markets, AUC, Cryptocurrency

MENLO PARK, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for January 2024:

Key Points: 
  • MENLO PARK, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for January 2024:
    Funded Customers at the end of January were 23.5 million, up approximately 120 thousand from December 2023(1).
  • Assets Under Custody (AUC) at the end of January were $102.4 billion, roughly flat to December 2023.
  • Net Deposits were $3.8 billion in January, translating to a 44% annualized growth rate relative to December 2023 AUC.
  • Over the last twelve months, Net Deposits were $19.5 billion, translating to an annual growth rate of 26% relative to January 2023 AUC.

Robinhood Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 13, 2024
Bitcoin, Acquisition, Customer, Total, Net, Investment, Growth, Fraud, Retirement, AUC, SBC, FDIC, Gold, Entrepreneurship, Adjustment, MAU, ARPU, GAAP, Cryptocurrency, Robinhood Markets, Active users, IRA, EPS, Movement

MENLO PARK, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the fourth quarter and full year 2023, which ended December 31, 2023.

Key Points: 
  • 2023 Record Revenues of $1.9 billion, up 37% year-over-year, including $471 million in Q4
    Q4 GAAP net income of $30 million, or $0.03 per share, and Adjusted EBITDA of $133 million
    MENLO PARK, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the fourth quarter and full year 2023, which ended December 31, 2023.
  • “2023 was a strong year as our product velocity continued to accelerate, our trading market share increased, and we started to expand globally,” said Vlad Tenev, CEO and Co-Founder of Robinhood.
  • The most for retirement with Robinhood Gold - Through April 30, Robinhood is offering customers subscribed to Robinhood Gold up to 3% extra on every dollar contributed to their Robinhood Retirement accounts, including IRA transfers and 401(k) rollovers.
  • Robinhood will host a conference call to discuss its results at 2 p.m. PT / 5 p.m.

Thumbtack Adds Gretchen Howard to its Board of Directors

Retrieved on: 
Wednesday, February 7, 2024
Apps, Applications, Technology, Construction & Property, Software, Home Goods, IOT (Internet of Things), Other Construction & Property, Retail, Consumer Electronics, Residential Building & Real Estate, Fidelity Investments, AllTrails, IPO, Sequoia Capital, Partner, CapitalG, Entrepreneurship, Investment, Robinhood Markets

Thumbtack , the technology company helping millions of people confidently care for and improve their homes, today announced the addition of Gretchen Howard to its Board of Directors.

Key Points: 
  • Thumbtack , the technology company helping millions of people confidently care for and improve their homes, today announced the addition of Gretchen Howard to its Board of Directors.
  • In this role, Howard will serve as Chair of the Board’s Nominating and Governance Committee.
  • Over the course of her career, Howard has served in senior leadership positions at Robinhood Markets, Inc. (“Robinhood”), CapitalG, Google, and Fidelity Investments.
  • Their approach to building long-term relationships with homeowners to help them care for and improve their most valuable asset is differentiated and innovative," said Howard.

Robinhood Markets, Inc. Reports November 2023 Operating Data

Retrieved on: 
Wednesday, December 13, 2023
Crypto, Robinhood Markets, AUC, NCFA, Net, Cryptocurrency

MENLO PARK, Calif., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for November 2023:

Key Points: 
  • MENLO PARK, Calif., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for November 2023:
    Net Cumulative Funded Accounts (NCFA) at the end of November were 23.3 million, up approximately 20 thousand from October 2023(1).
  • Assets Under Custody (AUC) at the end of November were $94.4 billion, up 12% from October 2023.
  • Net Deposits were $1.4 billion in November, translating to a 20% annualized growth rate relative to October 2023 AUC.
  • Trading Volumes in November were roughly in line with October 2023 for equities and options, and were higher for crypto.

Robinhood Markets, Inc. Reports October 2023 Operating Data

Retrieved on: 
Wednesday, November 15, 2023
Crypto, Robinhood Markets, Net, AUC, NCFA, Cryptocurrency, Custody

MENLO PARK, Calif., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for October 2023:

Key Points: 
  • MENLO PARK, Calif., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for October 2023:
    Net Cumulative Funded Accounts (NCFA) at the end of October were 23.3 million, up approximately 30 thousand from September 2023(1).
  • Assets Under Custody (AUC) at the end of October were $84.6 billion, down 2% from September 2023.
  • Net Deposits were $1.0 billion in October, translating to a 14% annualized growth rate relative to September 2023 AUC.
  • Cash Sweep Balances at the end of October were $13.9 billion, up $0.3 billion (2%) from the end of September 2023.

Robinhood Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Crypto, Adjustment, Active users, AUC, ARPU, SBC, MAU, Cryptocurrency, EBITDA, IRA, Fraud, Robinhood Markets, GAAP, Gold, Acquisition, Entrepreneurship, Growth, EPS, ETF, Net, Investment, Movement, Securities lending, EU, Bank, Financial services, Automotive industry, Video game, Beauty salon, Q3

MENLO PARK, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2023, which ended September 30, 2023.

Key Points: 
  • MENLO PARK, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2023, which ended September 30, 2023.
  • Q3 2023 EPS of -$0.09 included -$0.11 per share impact from a regulatory accrual of $104 million.
  • Robinhood will host a conference call to discuss its results at 2 p.m. PT / 5 p.m.
  • Based on our Q3 2023 results, our expense outlook for 2023 has changed from our prior outlook at Q2 2023 earnings (August 2, 2023).