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The company is named after Robin Hood, based on its mission to "provide everyone with access to the financial markets, not just the wealthy", with no commissions or minimum account balances. [3] [4] The company has been referred to as an innovator in zero-commission stock trading, as it relies on other sources of revenues. [5]
The launch of Robinhood Legend. Robinhood launched a one-stop, desktop trading platform this week called Robinhood Legend built with active traders in mind. If you already have a Robinhood account ...
Robinhood's ride to fintech supremacy has been almost as volatile as the meme stocks that trade on its platform. Its IPO debut on July 28, 2021, ended with the stock down 8% to $34.82.
Robinhood is making a big play to be an active trading platform.
This could suggest two main possibilities: either that an early form of the Robin Hood legend was already well established in the mid-13th century; or alternatively that the name "Robin Hood" preceded the outlaw hero that we know; so that the "Robin Hood" of legend was so called because that was seen as an appropriate name for an outlaw.
Robinhood scooped up crypto exchange Bitstamp in June and took aim at credit players American Express and Visa in March with the launch of a credit card that offers 3% cash back on purchases.
The acquisition is a risky one but could pay off by giving Robinhood access to new markets. Robinhood just made a very big bet on crypto: What the $200 million Bitstamp deal means for the company ...
On January 28, 2021, Robinhood was among a number of brokerages that halted users from buying stock or options in GameStop and the other heavily shorted-securities. [ 16 ] On February 18, 2021, Tenev testified before the United States House Committee on Financial Services regarding Robinhood's role during the GameStop short squeeze.