Robinhood Raises Another $2.4 Billion as Broker App Deals With Retail Trading Frenzy

[DEAD7]

Robinhood Raises Another $2.4 Billion as Broker App Deals With Retail Trading Frenzy

As it sits amid the recent extreme bouts of market volatility, discount online brokerage Robinhood has been able to raise another $2.4 billion from investors, the company said Monday. From a report:
That brings to $3.4 billion that the firm has been able to raise since last Thursday, a total that exceeds the amount it has raised in its entire history. "This funding is a strong sign of confidence from investors and will help us build for the future and continue to serve people through the exponential growth we've seen this year," the company said in a statement.

The startup started easing trading restrictions on Monday, raising its trading limit on GameStop to four shares from a single share.

 

[mr. smoke weed]

They won't have the customers

 

[ORDER_66]

Raising all this money but screwing over their customers and ruining their own standing... I know citadel owns robinhood but we need to start putting them more in the spotlight Robinhood takes orders from people above it...

 

[Domingo Halliburton]

Werent they going public? When is that happening?

 

[ORDER_66]

Werent they going public? When is that happening?

Someone from WSB said they gonna fukk with their valuation for what they did...I was like... unmitigated fukkery....

 

[mr. smoke weed]

Werent they going public? When is that happening?

Hard to imagine anymore.

Admitted their liquidity was very low on national tv

 

[10bandz]

Werent they going public? When is that happening?

looks like thats on hold for now

 

[Scholar]

They are raising the funds to meet clearing house requirements. They will be losing lots of users though. Rip to their IPO

 

[ogc163]

Expecting your fellow Americans to choose integrity over convenience is usually a flawed idea.

 

[DEAD7]

Expecting your fellow Americans to choose integrity over convenience is usually a flawed idea.

 

[Da_Eggman]

They won't have the customers

Yes they will still so easy accessible that it will continue to thrive and grow

 

[mrfortune]

transiting off of robinhood. maybe keep it for some basic trading but im god

 

[ORDER_66]

Yes they will still so easy accessible that it will continue to thrive and grow

They'll have casuals but when you fukk over your established client base like they just did:

 

[chineebai]

For the love of God why would anyone use them. All brokerages have 0 cost for stock trades.

 

[Uitomy]

shyt nikkas is better off using cash app for stocks at this point, at least they actually sell you bitcoin too