Robinhood Markets

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).

Link Money Promotes Two Employees within Executive Suite

Retrieved on: 
Tuesday, October 24, 2023
RTP, IPO, Money, Assistant, Harvard Law School, University of California, Davis, CCO, Product management, Data science, Davis, EWS, Engineering, Robinhood Markets, Business administration, Loone, Master of Business Administration, University, Financial Technologies Group, Master, General counsel, SAN, Cryptocurrency, Management

SAN FRANCISCO, Oct. 24, 2023 /PRNewswire-PRWeb/ -- Link Financial Technologies, Inc. (dba Link Money), the US-based open banking payment platform offering a cutting-edge pay-by-bank solution, today announced that it has promoted two employees within its executive suite.

Key Points: 
  • Link Financial Technologies, Inc. (dba Link Money), the US-based open banking payment platform offering a cutting-edge pay-by-bank solution, today announced that it has promoted two employees within its executive suite.
  • SAN FRANCISCO, Oct. 24, 2023 /PRNewswire-PRWeb/ -- Link Financial Technologies, Inc. (dba Link Money), the US-based open banking payment platform offering a cutting-edge pay-by-bank solution, today announced that it has promoted two employees within its executive suite.
  • These promotions are well-deserved, and I'm confident that they will continue to meet our mission to bring pay by bank, powered by open banking, to merchants and consumers," said Eric Shoykhet, Link Money CEO.
  • In her new role, Loone will set strategic direction; operational and business goals for Link Money; and ensure effective performance and transparency.

Washington Wizards Announce Robinhood as Official Brokerage and Jersey Patch Partner

Retrieved on: 
Monday, October 23, 2023
Washington Wizards, Sport, Human, NBA, Wizard, Heart, Klutch Sports Group, Ted Leonsis, Indiana Pacers, Robinhood Markets, Partnership, Capital One Arena, Business operations, Retirement, MSE, Investment

WASHINGTON, Oct. 23, 2023 /PRNewswire/ -- The Washington Wizards today announced that Robinhood, a financial services platform that pioneered commission-free stock trading, becomes the NBA franchise's official brokerage and jersey patch partner.

Key Points: 
  • WASHINGTON, Oct. 23, 2023 /PRNewswire/ -- The Washington Wizards today announced that Robinhood, a financial services platform that pioneered commission-free stock trading, becomes the NBA franchise's official brokerage and jersey patch partner.
  • Washington Wizards partner with Robinhood for jersey patch.
  • "We're thrilled to tip off the season alongside Robinhood, an innovative leader in financial investing as the Wizards jersey entitlement partner and official brokerage," said Jim Van Stone, President of Business Operations and Chief Commercial Officer at Monumental Sports & Entertainment (MSE).
  • In addition to the Wizards jersey patch, the partnership will yield future opportunities for Robinhood to be integrated into the MSE enterprise.

Woodruff Sawyer Appoints Walker Newell Vice President, Regulation and Securities Litigation Attorney

Retrieved on: 
Wednesday, October 4, 2023
Insurance, Senior, Senior counsel, Walker, Privacy, Robinhood Markets, Cooley, SAN, Management, Knowledge, Regulation, Risk management

SAN FRANCISCO, Oct. 4, 2023 /PRNewswire/ -- Woodruff Sawyer, one of the largest independent insurance brokerages in the US, today announced Walker Newell has joined the firm as Vice President, Regulation and Securities Litigation Attorney for the Management Liability practice.

Key Points: 
  • SAN FRANCISCO, Oct. 4, 2023 /PRNewswire/ -- Woodruff Sawyer, one of the largest independent insurance brokerages in the US, today announced Walker Newell has joined the firm as Vice President, Regulation and Securities Litigation Attorney for the Management Liability practice.
  • Walker previously served as Senior Counsel in the SEC's Division of Enforcement in San Francisco, where he led high-profile government investigations and litigation.
  • Walker has significant experience in litigation and investigations focused on investment advisers, broker-dealers, cryptocurrency companies, and privacy and cybersecurity issues.
  • Walker says, "From my experience, I know that well-tailored insurance is critical to individual and company outcomes in securities disputes.

Operation HOPE Partners with Robinhood to Expand 'The 1865 Project' Nationwide

Retrieved on: 
Friday, September 29, 2023
Corporate Affairs, Partnership, Education, Campaign, HOPE, Freedman, Robinhood Markets, Poor People's Campaign, Student, Civil rights movement, Operation, Knowledge, Bank, Empowerment, Robin Hood, Tourism

ATLANTA, Sept. 29, 2023 /PRNewswire/ -- Operation HOPE today announced that Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) is deepening its partnership with the Atlanta-based non-profit through the 1865 Project, a new initiative that supports the organization's mission to expand economic opportunity in underserved communities through financial education and empowerment.  With Robinhood's support, the '1865 Project' will allow Operation HOPE to further grow and scale its work across America and fuel innovative programs and technologies.

Key Points: 
  • With Robinhood's support, the '1865 Project' will allow Operation HOPE to further grow and scale its work across America and fuel innovative programs and technologies.
  • Operation HOPE remains a leading force in financial empowerment due to its commitment to embracing technology-driven products and services to connect with more communities.
  • "As the need for financial literacy continues to evolve, Operation HOPE remains committed to forging transformative partnerships with leading innovators, like Robinhood.
  • With their unwavering support of the '1865 Project', we will expand our reach and help change more lives," said John Hope Bryant, Founder, Chairman and CEO of Operation HOPE.

Robinhood Markets, Inc. Reports August 2023 Operating Data

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

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

Key Points: 
  • MENLO PARK, Calif., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for August 2023:
    Net Cumulative Funded Accounts (NCFA) at the end of August were 23.2 million, up approximately 30 thousand from July 2023(1).
  • Assets Under Custody (AUC) at the end of August were $89.7 billion, down 5% from July 2023.
  • Net Deposits were $1.6 billion in August, translating to a 20% annualized growth rate relative to July 2023 AUC.
  • Cash Sweep Balances at the end of August were $13.3 billion, up $0.6 billion (5%) from the end of July 2023.

Former SEC Commissioner Dan Gallagher Joins Vint Advisory Board

Retrieved on: 
Wednesday, September 13, 2023
Corporate Affairs, The Samuel and Ronnie Heyman Center on Corporate Governance, University, Capital market, Lehman Brothers, National Association of Corporate Directors, Robinhood Markets, Corporate governance, Bennett S. LeBow College of Business, Private practice, Drexel University, Economics, Columbia Law School, SRO, Investment, Division, Raj, Institute for Law and Finance, Malaysia International Islamic Financial Centre, Law, Growth, National Association, Wine, Consultant, Management, Financial adviser, Vint

RICHMOND, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Vint, the premier platform offering financial products for the wine and spirits industry, proudly welcomes Dan Gallagher to its advisory board.

Key Points: 
  • RICHMOND, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Vint, the premier platform offering financial products for the wine and spirits industry, proudly welcomes Dan Gallagher to its advisory board.
  • From 2011 to 2015, Gallagher served as an SEC commissioner, advocating for a comprehensive equity market structure review and corporate governance reform.
  • Gallagher expressed his enthusiasm for joining the Vint advisory board, stating, "Vint's unique approach to financializing wine and spirits investments aligns with the evolving landscape of alternative assets.
  • Dan Gallagher's appointment to Vint's advisory board marks a significant milestone in the company's growth.

Former Robinhood Financial President Joins Invest.Green

Retrieved on: 
Monday, September 11, 2023
Senior advisor, Robinhood Markets, IPO, Principal, Investment, History, Robin Hood, Cryptocurrency, Renewable energy, Green

PORTLAND, Ore., Sept. 11, 2023 /PRNewswire-PRWeb/ -- Invest.Green is pleased to announce that former Robinhood Financial President and COO David Dusseault has joined the company as a Senior Advisor and Principal.

Key Points: 
  • Invest.Green is pleased to announce that former Robinhood Financial President and COO David Dusseault has joined the company as a Senior Advisor and Principal.
  • PORTLAND, Ore., Sept. 11, 2023 /PRNewswire-PRWeb/ -- Invest.Green is pleased to announce that former Robinhood Financial President and COO David Dusseault has joined the company as a Senior Advisor and Principal.
  • There is a tremendous need for such a platform and I look forward to being part of its success" said Mr. Dusseault.
  • During his tenure at Robinhood, its user base grew from 6 to 19 million customers and the company completed its IPO.

The Creative Ladder Teams With Robinhood Markets, Inc. for an Expansive Year-Long Partnership

Retrieved on: 
Wednesday, September 6, 2023
Partnership, Teaching, St. Louis Fed Financial Stress Index, Robinhood Markets, Centre for International Governance Innovation, Retirement, Creative, Knowledge, Foreign policy, Creative entrepreneurship, Robin Hood, Creative industries, Management, Equip

NEW YORK, Sept. 6, 2023 /PRNewswire/ -- With an aim to place financial power directly in the hands of underrepresented creatives, The Creative Ladder® and Robinhood are teaming up for an in-depth partnership designed to help the next generation of creative leaders navigate the complicated financial landscape. Robinhood will serve as an Innovating Supporter, providing the nonprofit's community of burgeoning industry talent with financial education tools tailored to their specific challenges and needs.

Key Points: 
  • Robinhood will serve as an Innovating Supporter, providing the nonprofit's community of burgeoning industry talent with financial education tools tailored to their specific challenges and needs.
  • Since launching in 2022, The Creative Ladder has facilitated numerous in-person workshops and virtual events in order to educate and connect with the wider creative community on various subjects, including leadership, filmmaking, and balancing productivity with wellness.
  • The year-long partnership is set to culminate in a series of four virtual workshops beginning Sept. 20:
    First Job, First Paycheck: (Registration available here.)
  • This session is a must for creative professionals working under constantly changing circumstances, such as freelance or gig creatives.

Robinhood Money Drills Partners with Texas Christian University

Retrieved on: 
Tuesday, August 29, 2023
College, Entrepreneurship, Heart, Partnership, University, TCU, Likeness, Curriculum, Robinhood Markets, Business, Innovation, Kansas State University, Mentorship, NIL, Centre for International Governance Innovation, Texas Christian University, Athlete, Student, Foreign policy, Robin Hood, Management, West Virginia University

MENLO PARK, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. is partnering with Texas Christian University (TCU) to provide financial education coursework for the university’s student-athletes through its signature Robinhood Money Drills program.

Key Points: 
  • MENLO PARK, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. is partnering with Texas Christian University (TCU) to provide financial education coursework for the university’s student-athletes through its signature Robinhood Money Drills program.
  • Robinhood and TCU will launch the four-year partnership today during an on-campus event with University staff, alumni, and students.
  • Robinhood will provide funding to support course sections of personal finance classes at the University, within the TCU Neeley School of Business and its dedicated Neeley NIL (Name, Image and Likeness) curriculum housed within Neeley’s Institute for Entrepreneurship and Innovation.
  • “Robinhood is an industry leader and will be a trusted resource for our student-athletes in preparing for their lives after TCU.”
    Similar Robinhood Money Drills partnerships are currently in place at other Universities, including West Virginia University , Kansas State University , and the University of Memphis , to provide grant funding and support for scaling their financial education coursework.