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.
The Menlo Park, California-based company added that in some cases, teams could make changes based on volume, workload and other factors.
Shares of the company, which was at the center of 2021's retail trading frenzy, pared gains and were last up 2% in volatile extended trading after Robinhood also said it will launch 24-hour trading for five days a week.
"Robinhood repeatedly failed to serve its clients, but this settlement makes clear that Robinhood must take its customer care obligations seriously and correct these deficiencies," said Andrew Hartnett, the president of the North American Securities Administrators Association, which coordinated the investigation, in a statement.
Beginning April 3, Howard will take on the role of special adviser, Robinhood said.
Robinhood shares closed up nearly 12% on Wednesday, following a smaller-than-expected quarterly loss and the announcement that it was laying off 23% of its staff.
The layoffs will be concentrated in the company's operations, marketing and program management functions, Robinhood Chief Executive Officer Vlad Tenev said in a blog post.
The company said it will also undergo an internal restructuring, which will see general managers assume responsibility for individual businesses. That reorganization will cost the firm between $30 to $40 million, Robinhood disclosed in a filing.
Singapore-headquartered Crypto.com is one of the world’s largest cryptocurrency exchanges by volume. FTX, which overtook Coinbase to become the second-largest crypto exchange, has announced the launch of FTX Japan, to expand its services to Japanese customers.
Chief Product Officer Aparna Chennapragada made the announcement as part of the Bitcoin 2022 conference in Miami and said in an interview at the event that the product shows the company’s commitment to the crypto space.
Aparna Chennapragada, CPO at Robinhood, Surojit Chatterjee, CPO at Coinbase and Balaji Srinivasan, ex-CTO of Coinbase have invested in Clear in their personal capacity.
The California-based company’s move to adopt a 'remote first' approach, the plans for which were first shared with employees in December, will help create an accessible workplace, it said in a statement.
According to Kamath, brokerages globally are getting "crazy valuations" on the assumption that the recent growth rates will sustain forever.
A Dogecoin enthusiast, Musk has been the most popular crusader of the meme cryptocurrency whose tweets are known to contribute to the price volatility of the coin.
In complaints filed just before Robinhood’s initial public offering July 29, the investors echoed the concerns raised by officials that the company’s business model is fundamentally problematic.
Robinhood’s shares finished down 27.6% at $50.97 a day after they jumped more than 50%. The company went public on July 29 at $38, with its shares initially falling below the public offering price before galloping higher.
In today’s edition of Moneycontrol Pro Panorama: Why Robinhood stumbled, the problem with IMF forecasts, the Immunity Tracker, Tech Mahindra’s growth appeal, Tactical Pick, the Indian startup rage, China pushes back on crypto and more
It's one of the buzziest trading apps and listed with much fanfare. But Robinhood's first day of listing turned out to be an anti-climax. Here's why.
Corporate governance activists believe the upstart company has not lived up to the democratic ideals of its mission statement