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Yesterday β€” 15 February 2025U.S. Finance & Business

Robinhood's Profit Surge Means It May Finally Be A Serious Player On Wall Street

15 February 2025 at 20:30
Robinhood Markets Inc (NASDAQ:HOOD) has evolved from a confetti-throwing trading app into a serious financial services platform, with its shares quadrupling over the past year as it expands beyond its meme-stock roots. The company’s transformation includes launching futures trading, a desktop platform for serious traders, and a credit card program that has attracted 2 million waitlist subscribers, according to the Financial Times. Its Gold card offers 3% cashback, with select clients eligible fo

The Score: Airbnb, Coke, Robinhood and More Stocks That Defined the Week

14 February 2025 at 22:12
Airbnb is moving into new businesses. Chief Financial Officer Ellie Mertz said the company will increase its head count to support the new businesses it plans to launch and scale in 2025, and expects to spend $200 million to $250 million. Airbnb shares jumped 14% Friday.

Why Investors Shouldn’t Chomp on the Robinhood (HOOD) Stock Bait

15 February 2025 at 16:54
If you’re looking for a fast, commission-free path to stock investment, Robinhood Markets (HOOD) is a platform both traders and investors should consider. In recent years, the disruptively brash platform has courted both retail investors and pros alike. With a steady influx of new investors entering the market, Robinhood is well-positioned to maintain its user base and revenue growth over time. However, despite the platform currently enjoying a flurry of new activity and, in turn, sturdy revenue
Before yesterdayU.S. Finance & Business

Coinbase revenue spikes as crypto undergoes 'seismic shift'

14 February 2025 at 15:34
Coinbase Global (COIN) shares fall lower in Friday's session despite topping fourth quarter expectations, reporting revenue of $2.27 billion and earnings of $4.68 per share. The cryptocurrency exchange certainly saw a boost from bitcoin's (BTC-USD) post-election rally, tied to President Trump's 2024 victory. "When you take a step back this is much more than about kind of what's happening in the fourth quarter or first quarter," Citizens JMP director of financial technology research Devin Ryan says. "It's about really the seismic shift happening in the crypto space more broadly, and... how blockchain is now going to see a step function in adoption. And that's what gets us excited." Ryan talks to Brad Smith and Madison Mills on the Morning Brief about the regulatory environment that will enable Coinbase's tokenization plans: "You have the trifecta β€” you have a white House that's supportive; you have a bipartisan Congress right now that's looking to pass legislation; and then you have a regulatory backdrop where we're now finally getting to a point of clarity." He connects what Coinbase has to gain with Robinhood Markets (HOOD) β€” which sits "at the intersection of traditional finance and digital assets" β€” after the exchange platform saw its crypto revenue rise 700% year-over-year in its fourth quarter earnings beat. To watch more expert insights and analysis on the latest market action, check out more Morning BriefΒ here. This post was written by Luke Carberry Mogan.

Robinhood gains ground in crypto trading, intensifying competition

13 February 2025 at 10:17
(Reuters) -Robinhood has cemented its foothold in the crypto trading market as its commission-free model attracts price-conscious customers, analysts said, strengthening its position as a rival to digital asset-focused exchanges such as Coinbase. Robinhood reported an eight-fold jump in transaction-based revenue from crypto trading for the fourth quarter. The competition for crypto traders is heating up at a time when animal spirits sweep over the sector, fueled by President Donald Trump's return to the White House.
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