Robinhood is a 'reliable platform' amid market volatility: CEO

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 67 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Robinhood Nouvelles

Vladimir Tenev,Record Revenue

Shares of Robinhood (HOOD) are rising after the company reported that its cryptocurrency revenue grew 161% year-over-year while also revealing record revenue...

and adjusted earnings of $0.21 per share. Robinhood CEO Vladimir Tenev joins Wealth! to discuss the trading platform's second quarter earnings and outlook for the second half of the year.

And August has been more of the same in August is typically a pretty quiet month for retail trading activity. On Monday, the majority of the incumbent brokerage competitors were having issues and those are opportunities for Robin Hood to distinguish ourselves because of our technology and kind of position the product as a reliable platform for people when, when so many others are having issues.

Those traders uh look at volatility as an opportunity because they have sophisticated strategies that they can employ when markets are going down and sideways um for the more buy and hold investors, uh typically they're saving for retirement and they have long term time horizons.One of the things we've been seeing thus far in August is more buying than selling.Uh Our customers generally have been seeing this as an opportunity to add to their positions.

And I think that really makes me optimistic about the opportunity and that we're just at the beginning of it.The Texas Rangers are heading to the White House on Thursday to meet President Joe Biden and celebrate their 2023 World Series victory, the first in the franchise's history. It’s a long-standing tradition for professional and collegiate championship teams to come to the White House and be recognized by the president.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bumble, Krispy Kreme, Robinhood: Earnings moversShares of Bumble (BMBL) are plunging over 35% after the company slashed its full-year revenue outlook, only looking to gain 1-2% in revenue for 2024. The...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Robinhood earnings, consumer spending: Asking for a TrendOn today's episode of Asking for a Trend, Host Josh Lipton breaks down some of the biggest themes and takeaways from the trading day. Robinhood (HOOD) topped...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »