- December 1, 2023
And now, we’re back to the regularly scheduled stock market volatility.
The short trading week is behind us, and so is Thanksgiving and Black Friday.
And the initial read across is that ...
- November 30, 2023
Much like its fictional namesake, trading platform Robinhood is now a part of the United Kingdom.
The company marked its international debut Thursday (Nov. 30) as it began offering brokerage services ...
- November 24, 2023
The turkey has been carved.
Thursday offered a brief respite from the volatility that’s been a hallmark of the FinTech IPO Index.
Into a shortened week, through the past five sessions headed ...
- November 13, 2023
Google parent Alphabet has sold off all of its shares in trading app Robinhood.
The tech giant in August had sold about 90% of its stake in Robinhood, and said in a recent filing with ...
- November 7, 2023
In its third-quarter earnings call on Tuesday (Nov. 7), cryptocurrency investment platform Robinhood said it would be expanding its crypto trading offerings.
The company plans to launch crypto trading in the European ...
- November 7, 2023
In this edition of PYMNTS’ Provider Rankings of Personal Finance, some apps, such as Chime Mobile Banking and Rocket Money, have fallen in the rankings. On the other hand, SoFi took ...
- October 16, 2023
In this edition of PYMNTS’ Provider Ranking of Personal Finance Apps, we see a number of shifts. Chime is leading our rankings again with a perfect score of 100, but let’s ...
- October 6, 2023
The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter.
Affirm led declining names, sliding 16% through the past ...
- September 24, 2023
The Federal Reserve said last week that higher interest rates could stick around.
As The Wall Street reported Sunday (Sept. 24), this “higher for longer” strategy could spell bad news for FinTechs like PayPal, Affirm and Robinhood, all of ...
- September 22, 2023
Partnerships were the prime source of headlines this past week.
But for the FinTech IPO Index, which gave up 5.8% through the past five sessions, the downside was led by platforms, ...
- September 17, 2023
Robinhood believes it has been “misunderstood.” A new movie might not help matters.
As The Wall Street Journal (WSJ) reported Saturday (Sept. 16), the trading platform is featured in the new comedy ...
- September 14, 2023
Robinhood’s monthly active user (MAU) base continues to shrink.
The trading platform announced Wednesday (Sept. 13) that its MAUs for August came to 10.6 million. That’s down from 11 million at the close of ...
- September 12, 2023
Handling finances can be overwhelming, especially amid the current economic uncertainties. The PYMNTS Provider Ranking of Personal Finance Apps aims to help consumers sort out the best digital tools for budgeting, ...
- September 1, 2023
Online brokerage Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to repurchase shares from Sam Bankman-Fried’s Emergent Fidelity Technologies.
The deal, valued at $605.7 million, comes after Robinhood’s shares were seized and transferred to the custody ...
- September 1, 2023
Summer’s fading, August ends, and only a few earnings reports marked the headlines this past week for the FinTech IPO Index.
But two were enough to mark some outsized gains — ...
- August 7, 2023
Personal finance can be intimidating. But particularly given the ongoing challenges of today’s economic environment, it has never been more important to keep a keen eye on finances while being ...
- August 7, 2023
It has been a truly humbling past 12 months for the crypto sector.
The alternative value-transfer vehicle, which was supposed to revolutionize the traditional financial system with democratized and trustless access ...
- August 4, 2023
Alphabet, Google’s parent company, has sold off portions of its shares in several publicly traded companies.
Among them are the trading platform Robinhood, in which Alphabet sold more than 4.3 million shares, ...
- August 2, 2023
Robinhood Markets just notched its first profitable quarter since the platform went public in July 2021.
But shares of the company, which was at the center of 2021’s retail trading frenzy, ...
- July 28, 2023
The platforms held sway this past week, gaining some ground ahead of earnings due through the next several days.
And as a result, the FinTech IPO Index was up 0.5% across ...
- July 21, 2023
Toast shares got scorched in a week that saw the FinTech IPO Index give up 0.3%.
And earnings season has yet to begin in earnest — at least for the FinTechs.
Beyond ...
- July 14, 2023
Robinhood’s retirement accounts are diversifying its revenues and widening its customer base.
That’s been the popular investing app’s experience in the months since it expanded its offerings with the launch of traditional ...
- July 14, 2023
Cash-strapped tech startups facing a financing crunch are increasingly seeking to sell themselves to larger companies, launching a wave of takeovers of popular artificial intelligence companies that has revived Silicon ...
- July 13, 2023
Investing platform Public.com is reportedly set to launch in Great Britain.
Co-CEO and Co-founder Leif Abraham told Bloomberg News in an interview posted Thursday (July 13) that the firm will let retail investors in the U.K. trade ...
- June 30, 2023
The platforms surged — many of them anyway.
And yet the FinTech IPO Index was up a muted 1.5% headed into the end of the second quarter and headed into a ...
- June 26, 2023
Stock brokerage app Robinhood has laid off about 150 employees, or 7% of its workforce.
The job cuts were made in response to a slowdown in trading volumes and to “better align team ...
- June 23, 2023
Even some skyrocketing performers — up double digits — were not enough to boost the FinTech IPO Index.
The pantheon lost 2.7%, despite rumors of deal-making, despite economic data that showed ...
- June 22, 2023
Robinhood Markets announced on Thursday (June 22) the acquisition of San Francisco-based FinTech firm X1, which offers users a no-fee income-based credit card with rewards on each purchase.
The $95 million ...
- June 15, 2023
Coinbase, a major player in the retail crypto trading market, may be losing some retail crypto trading business to Robinhood, possibly due to Coinbase’s higher fees on small-ticket trades.
“Our analysis ...
- June 4, 2023
Robinhood Markets says its customers are switching to high-yield deposits amid recent banking sector turmoil.
Speaking Friday (June 2) at the Bernstein Strategic Decisions Conference, Robinhood CEO Vlad Tenev said total ...
- May 19, 2023
The FinTech IPO gathered 2.4% in a week that saw the last few remnants of earnings reports trickle in.
And of course, beyond the revenues and various customer metrics detailed in ...
- May 10, 2023
Software ate the world, and now generative artificial intelligence (AI) is eating that software.
Robinhood Markets Co-Founder and Chief Executive Officer Vlad Tenev told investors on the commission-free trading app’s first ...
- April 26, 2023
It’s always smart to keep a sharp eye on one’s finances, and for that reason, we produce PYMNTS’ Provider Ranking of Personal Finance Apps to make it easier.
We’ve seen a ...
- April 13, 2023
The platforms held sway this past week — where volatility reigned on Wall Street.
And within the FinTech IPO Stock Index, we saw gainers and losers in roughly equal measure, with ...
- April 6, 2023
Robinhood has reached a settlement with state securities regulators regarding operational and technical failures.
The $10.2 million settlement includes the platform’s outages in March 2020 and operational deficiencies prior to March ...
- March 16, 2023
Checked on your personal finances lately? We have, in the form of the Provider Ranking of Personal Finance Apps, updated monthly in this space.
Not that anyone likes big changes to personal ...
- March 3, 2023
Investors were in a “shoot first, ask questions later” frame of mind this past week.
As for the FinTech IPO Index, earnings reports helped send the group down on yet another ...
- February 9, 2023
The lenders and platforms led the FinTech IPO Index down in a week, which logged an 8% loss.
But for the group, overall, things are still in positive territory year to ...
- February 9, 2023
Robinhood hopes to buy back 55 million shares from Sam Bankman-Fried’s Emergent Fidelity Technologies.
The trading platform said during its earnings call on Wednesday (Feb. 8) that its board had approved ...
- February 8, 2023
It’s a renaissance for non-institutional market participation, and Robinhood wants to capitalize on that environment.
The commission-free trading app told investors during its fourth quarter 2022 earnings call Wednesday (Feb. 8) ...
