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Trading platform Robinhood is launching a feature that will allow its users to lend out their stocks in hopes of earning passive, recurring income from borrowers, the company announced today.
Robinhood saw its stock jump on March 16, following reports that the company was getting ready to roll out a feature enabling users to loan out their stocks to other financial institutions, a ...
Robinhood rolled out its Stock Lending Program on May 4, giving customers the opportunity to earn extra income on the stocks they already own, the company said. Explore: How To Get Rich With a ...
Robinhood already makes money by lending out shares that its customers buy on margin, but the new fully-paid program will include all shares held by its nearly 23 million users, so long as they ...
Robinhood prepares stock lending program, Instagram bans Kanye, Tesla hikes Model Y price in China. March 17, 2022 at 10:47 AM ...
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
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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.