iHub News
2週前
Robinhood Seeks Supreme Court Intervention in IPO Investor Lawsuit (HOOD)June 1, 2026 10:46 AM
IH Market News Robinhood Markets (NASDAQ:HOOD) is one step closer to having its IPO-related legal battle reviewed by the U.S. Supreme Court after the justices requested input from President Donald Trump’s administration on whether the case warrants consideration. The move signals that the nation’s highest court is evaluating Robinhood’s effort to halt a lawsuit brought by investors who claim the company misled the market about its business prospects ahead of its 2021 public listing. Supreme Court Requests Government View The Supreme Court is weighing whether to hear Robinhood’s appeal of a lower court ruling that reinstated a proposed class-action lawsuit tied to the company’s initial public offering. The case centers on allegations that Robinhood failed to adequately inform investors about risks to its business as trading activity linked to meme stocks and cryptocurrencies began to fade before the company went public in July 2021. By requesting the views of the federal government, the court is taking a common procedural step before deciding whether to accept the appeal. Investors Challenge IPO Disclosures The lawsuit was filed by investors who purchased Robinhood shares connected to the IPO and alleges violations of the Securities Act of 1933. According to the plaintiffs, Robinhood did not provide sufficient disclosure regarding factors that could negatively affect revenue growth and key operating metrics. They argue that the company’s financial performance weakened after the IPO, contributing to a sharp decline in the stock price and causing losses for shareholders. Focus on Meme Stock and Cryptocurrency Trading Central to the investors’ claims is the argument that Robinhood was heavily dependent on unusually high levels of trading activity driven by retail speculation in meme stocks and digital assets. The plaintiffs contend that the company failed to properly disclose its reliance on trends involving social media-fueled trading in securities such as GameStop (NYSE:GME) and the cryptocurrency Dogecoin. According to the lawsuit, enthusiasm surrounding these assets had already begun to cool months before Robinhood’s public debut, creating risks to the company’s future growth trajectory. Robinhood Defends Its IPO Filings Robinhood has rejected the allegations and maintains that its offering documents provided extensive warnings about potential business risks. The company argues that the extraordinary surge in trading volumes during early 2021 was clearly addressed in its IPO materials and that investors were informed about the possibility that activity tied to meme stocks and Dogecoin could decline. Robinhood further contends that its disclosures adequately described the potential impact of changing market conditions on future financial performance. Next Step in Ongoing Legal Battle The Supreme Court has not yet decided whether it will hear the case. For now, attention will turn to the response from the Trump administration, which could influence the court’s decision on whether the dispute raises broader legal questions worthy of review. If the justices ultimately agree to hear the appeal, the case could have implications for disclosure standards and investor litigation involving companies entering public markets. Robinhood stock price Original: Robinhood Seeks Supreme Court Intervention in IPO Investor Lawsuit (HOOD)
iHub News
1月前
Robinhood Falls 10% After Q1 Miss, Higher Expense Outlook WeighsApril 29, 2026 5:56 AM
IH Market News
Robinhood Markets Inc. (NASDAQ:HOOD) reported first-quarter results that came in below expectations, with both earnings and revenue missing analyst forecasts.Shares dropped nearly 10% in premarket trading on Wednesday following the release.The company posted adjusted earnings per share of $0.38, falling short of the consensus estimate of $0.41. Revenue totaled $1.07 billion, also below expectations of $1.17 billion, although it marked a 15% year-over-year increase from $927 million in the same period of 2025.Total net revenue of $1.07 billion was supported by $623 million in transaction-based income, up 7% year over year, and $359 million in net interest revenue, which rose 24%. Net income edged up 3% from a year earlier to $346 million.“Q1 revenues missed across the board, more than offsetting slightly lower opex,” Barclays analysts said. “April trends look better, but options and crypto are seeing more fee rate compression.”In a separate note, Morgan Stanley analysts said Robinhood delivered softer-than-expected results, adding that “April commentary was mixed but generally supportive for 2Q trading revenues.”Robinhood reported net deposits of $17.7 billion, equivalent to a 22% annualized growth rate. Its Robinhood Gold subscriber base grew 36% year over year to a record 4.3 million, while funded customer accounts rose 6% to 27.4 million. Total assets on the platform increased 39% year over year to $307 billion.“In Q1, customers remained engaged and rapidly adopted new products, leading to a 20%-plus annualized net deposit growth rate, double digit growth across equities and options, and record volumes for prediction markets, futures, and index options,” said Shiv Verma.The company also revised its 2026 expense outlook higher, raising its adjusted operating expense and stock-based compensation guidance to a range of $2.7 billion to $2.825 billion, up from a prior forecast of $2.6 billion to $2.725 billion. Robinhood said it plans to invest an additional $100 million to support the Trump Accounts initiative, noting that the program operates on a cost-plus basis with expected revenues exceeding associated costs.During the quarter, the company repurchased $250 million of its Class A common stock, representing approximately 3.1 million shares at an average price of around $81 each.Robinhood stock price
Original: Robinhood Falls 10% After Q1 Miss, Higher Expense Outlook Weighs
iHub News
2月前
Robinhood Shares Surge as SEC Removes $25K Day-Trading RequirementApril 15, 2026 10:27 AM
IH Market News
Robinhood Markets (NASDAQ:HOOD) shares jumped 6% on Wednesday, adding to a 10% gain in the previous session after the U.S. Securities and Exchange Commission approved changes to long-standing day-trading restrictions.The SEC on Tuesday cleared a broad overhaul of rules governing retail day trading, a move that has been welcomed by online brokerage platforms. Shares of Webull also rose 6% following the announcement.The changes stem from a proposal by the Financial Industry Regulatory Authority to revise the pattern day trader rule, which currently limits traders with less than $25,000 in their margin accounts to no more than four day trades within a five-day period.Under the revised framework, margin requirements will instead focus on ensuring that investors maintain enough equity to cover their real-time risk exposure. These updated standards will apply across all accounts, rather than targeting smaller investors specifically.Public feedback “overwhelmingly supported” the proposal, which includes the “elimination of the $25,000 minimum equity requirements and definition of pattern day trader,” SEC Assistant Secretary Sherry Haywood said in an official order.The regulatory shift is expected to benefit retail brokerage firms like Robinhood and Webull by potentially boosting trading volumes among smaller investors who were previously constrained by the $25,000 threshold. The pattern day trader rule had been in place for years as a safeguard against excessive risk-taking in margin accounts, though it had increasingly been criticized as outdated and overly restrictive.Robinhood stock price
Original: Robinhood Shares Surge as SEC Removes $25K Day-Trading Requirement
iHub News
2月前
Bernstein Says Crypto Stocks May Be Approaching a Bottom Despite Weak Q1 OutlookApril 3, 2026 10:56 AM
IH Market News
Shares of companies tied to the cryptocurrency sector could be nearing a cyclical low, according to analysts at Bernstein, who said the recent downturn has created attractive entry points for investors.In a research note this week, the firm said geopolitical tensions combined with “temporary crypto weak sentiment is offering big discounts (~60% below 2025 peak) on crypto stocks.”Bernstein analyst Gautam Chhugani wrote that the sector continues to provide exposure to “trillion dollar markets with years of growth ahead,” including prediction markets, stablecoins, tokenized real-world assets and crypto derivatives.“We believe we will see a bottom in crypto stocks into weak Q1 earnings,” Chhugani wrote, pointing to what he described as deeply discounted valuations among leading companies in the space.According to Bernstein, Coinbase (NASDAQ:COIN) is currently trading at around 12 times its projected 2027 earnings, while Robinhood (NASDAQ:HOOD) is valued at about 18 times earnings and Figure (NASDAQ:FIGR) at roughly 25 times estimated 2027 EBITDA.The analyst also noted that Robinhood and Figure appear relatively insulated from swings in cryptocurrency trading activity.“Crypto is mere ~20% of HOOD revenues,” the report said, while Figure is described as “a pure blockchain tokenization business.”Bernstein expects Figure to generate around $12.8 billion in loan volumes in 2026, noting that monthly originations already surpassed $1 billion in March.For Robinhood, the firm projects revenue growth of roughly 30% between 2025 and 2027. That expansion is expected to be supported by increasing activity in prediction markets, a recovery in crypto trading volumes during the second half of 2026 and continued growth in non-trading revenue streams.Meanwhile, Bernstein forecasts that Coinbase could deliver earnings per share growth of about 23% in 2026, driven by expansion in stablecoins, derivatives trading and prediction markets.Bernstein maintains an Outperform rating on all three companies, arguing that the broader group of crypto-related equities is moving closer to a cyclical bottom.Coinbase stock priceRobinhood stock priceFigure Technology Solutions stock price
Original: Bernstein Says Crypto Stocks May Be Approaching a Bottom Despite Weak Q1 Outlook
iHub News
3月前
Robinhood unveils platinum credit card targeting affluent customersMarch 5, 2026 6:45 AM
IH Market News
Robinhood Markets Inc (NASDAQ:HOOD) on Wednesday introduced a new credit card designed for higher-income clients, marking another step in the company’s push to expand beyond its core trading platform and broaden its financial services offering.The company said the new Platinum card will carry an annual fee of $695 and will be issued through Visa Inc (NYSE:V). Robinhood said the card features 99.9% pure platinum plating and includes a range of perks focused on travel and dining.Access to the card will initially be by invitation only, although interested users can register on the company’s website to request eligibility.The Platinum card becomes Robinhood’s second credit card product following the launch of its Gold card in 2024. According to the company, the new offering provides credit limits of up to five times those available on the Gold card.The announcement came during Robinhood’s “Take Flight” event, where the company also introduced several additional financial products. These included new types of trading accounts, a platform providing tax insights, and a feature allowing customers to receive dividend payments up to a month earlier on certain eligible securities.Robinhood stock price
Original: Robinhood unveils platinum credit card targeting affluent customers
iHub News
4月前
Robinhood falls after revenue miss despite earnings beatFebruary 11, 2026 6:56 AM
IH Market News
Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) dropped more than 6% in premarket trading on Wednesday after the online brokerage reported fourth-quarter revenue that came in below Wall Street expectations.Although the company delivered record annual performance and topped earnings estimates, the revenue shortfall appeared to dampen investor enthusiasm, even as margin balances and subscription growth accelerated.Robinhood posted diluted earnings per share of $0.66, ahead of the $0.60 consensus forecast. However, quarterly revenue totaled $1.28 billion, missing analyst projections of $1.34 billion for the final quarter of 2025.Morgan Stanley analyst Michael Cyprys said the company nevertheless “enters ’26 with strong product velocity that can support growth.”Platform assets surged 68% year over year to $324 billion, driven by a record $68 billion in net deposits during 2025. Robinhood Gold, the company’s premium subscription service, expanded to 4.2 million members as the firm continues its transition from a trading-focused app to a broader financial services platform.Transaction-based revenue was mixed. Options and equities trading revenue rose 41% and 54%, respectively, while cryptocurrency revenue declined 38% to $221 million. “Our vision hasn’t changed: we are building the Financial SuperApp,” said Chairman and CEO Vlad Tenev.Net interest revenue stood out as a key growth driver, climbing 39% to $411 million, supported by securities lending and higher interest-earning assets. That increase helped counterbalance a 38% rise in total operating expenses, which reached $633 million as the company stepped up marketing efforts and absorbed costs tied to recent acquisitions, including Bitstamp.Robinhood also continued returning capital to shareholders, repurchasing $100 million worth of stock in the fourth quarter at an average price of $119.86 per share. Chief Financial Officer Shiv Verma said that “2025 was a record year where we set new highs for net deposits, Gold Subscribers, trading volumes, revenues, and profits.”For 2026, the company expects adjusted operating expenses and share-based compensation to range between $2.6 billion and $2.725 billion — an 18% increase at the midpoint — reflecting the full-year impact of international expansion and the launch of its prediction markets joint venture, Rothera.“2026 is off to a strong start, and we are incredibly excited about our plan and momentum for the year ahead,” Verma added.While shares weakened after the earnings release, Wolfe Research analyst Steven Chubak said the “long-term bull case remains intact (attractive valuation given strong rev/EPS CAGR).”“We also believe HOOD is more insulated from AI disruption risk (poised to be a net beneficiary as Self-Direct is less susceptible to disintermediation) and should outperform if market jitters around AI continue to weigh on Retail Brokers,” he added.Robinhood stock price
Original: Robinhood falls after revenue miss despite earnings beat
iHub News
4月前
Bitcoin slides toward $67,000 as markets brace for U.S. payrolls dataFebruary 11, 2026 5:32 AM
IH Market News
Bitcoin (COIN:BTCUSD) retreated in Asian trading on Wednesday, slipping back under the $67,000 mark as investors positioned ahead of a key U.S. employment report that could offer fresh signals on the Federal Reserve’s interest rate outlook.The largest cryptocurrency by market value was down 2.6% at $67,126.7 as of 02:46 ET (07:46 GMT).The token had bounced from last week’s dip near $60,000 but failed to maintain momentum above $70,000, underscoring continued volatility and cautious sentiment across digital asset markets.
U.S. jobs report in focus
Attention is centered on the January U.S. payrolls report, delayed from last week due to a temporary government shutdown and now scheduled for release later Wednesday.Economists expect the data to show moderate job creation, with nonfarm payrolls projected to increase by roughly 70,000 and the unemployment rate holding around 4.4%.Investors are also looking ahead to Friday’s U.S. Consumer Price Index (CPI) figures, which may provide additional insight into inflation trends and the potential trajectory of Fed policy.According to the CME FedWatch tool, traders largely anticipate that the Federal Reserve will keep rates unchanged until June, following three successive rate cuts in late 2025.Typically, expectations of looser monetary policy and lower interest rates tend to support risk-sensitive assets like Bitcoin by lowering the opportunity cost of holding non-yielding investments.This cycle, however, has diverged from that pattern. Despite recent rate reductions, Bitcoin has remained under pressure. Analysts attribute the muted response to tighter liquidity conditions, softer institutional participation, and waning speculative appetite.
Robinhood falls on weak crypto revenue
Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) dropped sharply in extended trading Tuesday after the online brokerage posted quarterly results that missed expectations, dragged down by weaker cryptocurrency-related revenue.The fintech firm reported fourth-quarter revenue of approximately $1.28 billion, below the $1.40 billion analysts had forecast. A notable decline in crypto trading revenue offset stronger performance in equities and options activity.Robinhood shares fell more than 8% after the results.
Altcoins under pressure; XRP down 4%
Other major cryptocurrencies also moved lower on Wednesday as cautious trading persisted.Ethereum, the second-largest digital asset, declined 2.7% to $1,952.92.XRP, ranked third by market capitalization, dropped 4% to $1.36.Solana and Polygon each fell 4.1%, while Cardano shed 2.5%. Among meme-themed tokens, Dogecoin slipped 3%.Bitcoin price
Original: Bitcoin slides toward $67,000 as markets brace for U.S. payrolls data
getmenews
1年前
Recently added BTC futures;
Have a question, if we have sanctions against certain countries, and no travel as well, and, they hold BTC, and even to the extent they stole it, why is the mainstream supporting Higher Prices on BTC or is it the mainstream? either way, it's a double standard? We can't buy their OIL, but we can buy back the BTC they stole at higher prices?
We either have sanctions against them and on all commodities and financial instruments or none!
Render the wash exchanges obsolete
Tender to adjust the original number of BTC issued less foreign holders?
getmenews
1年前
Solving the thing; "I only trade crypto with ROBINHOOD"...
Robinhood Markets, Inc is a financial services platform, which engages in the provision of retail brokerage and offers trading in U.S. listed stocks and Exchange Traded Funds, related options, and cryptocurrency trading, as well as cash management, which includes debit cards services. The company was founded by Vladimir Tenev and Baiju Prafulkumar Bhatt in 2013 and is headquartered in Menlo Park, CA.
getmenews
1年前
Traveled too China for a few months,
It prevented me having access to robin hood trading.
AND, THEY CLOSED MY ACCOUNT!
HMM
How does that even make sense to anyone, if you travel to another country, WE WILL CLOSE YOUR ACCOUNT? Yet, they provide customer service from the PHILIPPINES which is not in the USA
HMM
getmenews
1年前
This is like third time, how much is enough?
Hi,
Thank you for contacting Robinhood.
To access your account, please follow these steps:
Go to the login screen here
Select I need help
Follow the prompts to regain access to your account
You may need to upload documents to confirm your identity
If the initial documents aren't sufficient, we may ask for additional ones
If we're unable to verify your information with the provided documents after several consecutive failed attempts, you'll have the option to contact us for further assistance
We look forward to assisting you further.