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Amid the memestock fervor in the first half of 2021, which briefly boosted Robinhood’s revenue to all-time highs, traders flocked to the online brokerage to buy and sell Dogecoin.
The cryptocurrency, which first started up as a joke in 2013, now has a market cap of more than $50bn.
Robinhood co-founder Baiju Bhatt (left) and moderator Josh Constine (right) speak onstage during Day 2 of TechCrunch Disrupt SF 2018 at the Moscone Center on September 6, 2018, in San Francisco, California. Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.
Why Robinhood Stock Was Moving Higher Today. Jeremy Bowman, The Motley Fool. January 14, 2025 at 3:39 PM. ... Morgan Stanley has an overweight rating on the stock with a $55 price target.
Dogecoin (/ ˈ d oʊ (d) ʒ k ɔɪ n / DOHJ-koyn or DOHZH-koyn, [2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. [3]
Close-up of person's hand holding smartphone with the Robinhood investment app showing a chart and current price for the cryptocurrency Dogecoin, Lafayette, California, September 15, 2021.
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