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Robinhood CEO Vlad Tenev said it's become hard to distinguish between human-written and AI-generated code.
Key Points Robinhood offers innovative financial services that appeal to a certain crowd, and it's growing quickly.It offers exposure to cryptocurrency, which the market loves, but it's also risky ...
Robinhood's second-largest revenue stream, net interest income, rose 14% to $290 million, fueled by a larger base of interest-earning assets and a continued ramp-up in securities lending.
Robinhood stock is also quite expensive, trading at a P/E ratio of 62 and a price-to-sales ratio of 31. Over the next five years, it could be challenging to keep up growth at that valuation.
While Robinhood's roadmap includes promising new products that could eventually justify the valuation, many remain early stage ideas with no guarantee they will turn into meaningful profits.
First Vlad Tenev blew up the brokerage industry’s fee model. Now, thanks in part to his full-on crypto embrace, he has increased his fortune sixfold to $6 billion as he embarks on a global ...
The brokerage firm’s stock has risen 334% over the past year and Robinhood now has a market capitalization of $92 billion.
Robinhood's Strong Q2 Fails to Sway Cautious Wall Street Analysts Having nearly tripled in price from the April lows, the stock received a number of modest price target hikes, but no ratings upgrades.
Robinhood reports Q2 financial results on Wednesday, July 30. Monthly updates from the company show strong user growth and a surge in cryptocurrency trading volume. The next correction is closer ...
The story of Robinhood's rapid rise to an all-time high, driven by crypto and AI hype, matches what has also brought the major indexes back to record levels.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
Robinhood posted $160 million in revenue from crypto-related trading and $989 million in overall revenue, outpacing expectations as acquisitions are reshaping the firm.