The Telugu action-romantic film Robinhood, starring Nithiin and Sreeleela, released on March 28, 2025, and had a decent start at the box office. With its flashy promotions and catchy music, the film generated significant buzz. Early estimates suggest that Robinhood earned around Rs 2.00 crore net on its opening day in India.
Robinhood earlier this month beat fourth-quarter profit estimates, helped by a surge in equity, options and crypto trading on its platform following Trump's return to the White House.
The expansion comes on the heels of the Menlo Park, California-based company entering the UK this year, offering some though not all of its trademark services to those customers
Bonta said Robinhood violated California law by failing to deliver cryptocurrencies that its customers had bought, leaving customers unable to withdraw their assets and forcing them to sell the assets to exit the platform.
Robinhood, which launched its UK arm on Tuesday, had planned to offer margin investing, a risky form of trading in which customers borrow money to make bigger trades.
Most of the rules are merely a reiteration of the 2007 circular on short selling. There are some tweaks, but they will not have a meaningful impact on the market, at least not for the retail trader
The disclosure comes months after Alphabet slashed its stake in the company by nearly 90%. It had around 612,214 Robinhood shares after that sale.