- Cal-Maine Shares Fall After Sales Miss; Robinhood to Offer Weekend Trading
Cal-Maine (CALM) shares fell after the egg producer reported net sales for the first quarter that missed the average analyst estimate, and said it won’t pay a cash dividend in the first quarter.
Macro·1 article / 1 outlet·6d ago
- Prediction Markets Influence Sportsbooks Amid Regulatory Discussions
Bloomberg's Romaine Bostick reports on how the rise of prediction markets is impacting sports betting and if more regulation is needed. Executives from BetMGM, DraftKings, FanDuel, Robinhood and Fanatics all weigh in.
Macro·1 article / 1 outlet·7d ago
- Dow Jones Futures: Robinhood, Sandisk, AMD, Moderna Surge Into Buy Areas
The stock market showed choppy, mixed weekly action. But Robinhood, Sandisk, AMD and Moderna rallied into buy areas.
Macro·2 articles / 2 outlets·17d ago
- AMC And Robinhood Clash Over Tradable Stock Creation Rights
Five years after Adam Aron and Vlad Tenev became two of the defining figures of the meme-stock boom, the AMC Entertainment Holdings Inc. chief and Robinhood Markets Inc. co-founder are clashing over a new question: who gets to create a tradable version of a public company’s stock?
Legal·1 article / 1 outlet·21d ago
- AMC CEO Adam Aron Criticizes Robinhood's Tokenized Assets Amidst Tenev's Defense
AMC CEO Adam Aron has expressed his disapproval of Robinhood's new tokenized assets, arguing that public companies should have a say over securities that reference their shares. In response, Robinhood CEO Vlad Tenev defended the platform's approach, stating that public companies shouldn't have veto power over third-party securities.
Legal·2 articles / 2 outlets·27d ago
- Piper Sandler Expects Robinhood To Kickstart Football Season With A Win
Less than a week until the start of football season, Piper Sandler expects Rothera's prediction market activity to jump.
Guidance·1 article / 1 outlet·33d ago
- Morgan Stanley Upgrades Robinhood Stock With $150 Price Target
Morgan Stanley has upgraded Robinhood stock on its growth outlook, raising its price target from $124 to $150. This upgrade comes as the mobile broker trends higher following its record Q2 report.
Analyst·2 articles / 2 outlets·35d ago
- Robinhood Launches Fund to Invest in Y Combinator Startups
Robinhood Markets Inc. kicked off formal marketing of its second publicly traded closed-end fund, which will focus on investing in private companies that have participated in startup accelerator Y Combinator’s programs.
Deals·1 article / 1 outlet·64d ago
- Robinhood Reports Record Q2 Revenue of $1.31 Billion Driven by Trading Volumes↩
Robinhood has announced a record revenue of $1.31 billion for the second quarter, marking a 32% year-over-year increase and surpassing estimates of $1.29 billion. The surge in revenue was largely attributed to a tenfold increase in prediction-market revenues, which reached $156 million, despite a 38% decline in cryptocurrency revenue to $100 million.
Earnings·2 articles / 2 outlets·69d ago
- Robinhood Earnings Beat Estimates With $100 Million Despite 38% Crypto Revenue Decline
Robinhood reported earnings that exceeded expectations, driven by record trading volumes across various segments. The brokerage generated $100 million in revenue from crypto trading, reflecting a 38% decline year-over-year, which was offset by stronger performance in options, equities, and prediction markets activity.
Earnings·2 articles / 2 outlets·69d ago
- Robinhood Prediction Market Revenue to Surpass Crypto Trading, Analysts Predict
Trading platform Robinhood Markets Inc.’s revenue from prediction market is set to overshadow that from cryptocurrency trading, starting as soon as the second quarter, analysts at Bernstein and Piper Sandler said this week.
Guidance·1 article / 1 outlet·77d ago
