Category: Robinhood

How Robinhood and Chime raised $2B+ in the last year
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How Robinhood and Chime raised $2B+ in the last year

What’s driving the U.S. fintech boom? Last night Robinhood, the American fintech unicorn that provides free securities trading services to consumers via an app, announced that it raised an additional $460 million in its previously-known Series G. That round is now worth $660 million at an $11.7 billion post-money valuation. A little over a month…

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Did Robinhood Investors Buy Tiziana (TLSA) Stock Thinking It’s Tesla?
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Did Robinhood Investors Buy Tiziana (TLSA) Stock Thinking It’s Tesla?

The number of Tiziana Life Sciences’ investors on Robinhood increased by almost double Tesla’s number. There’s speculation that the biotech firm’s stock ticker symbol is being confused with Tesla’s. One Tesla share costs over 200 times the price of a Tiziana share. The stock of biotech firm Tiziana Life Sciences (NASDAQ:TLSA) was the second-most purchased…

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Robinhood blames record trade volume & itself for outages
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Robinhood blames record trade volume & itself for outages

It wasn’t the leap year, a coding blip, or a hack that caused Robinhood’s massive outages yesterday and today that left customers unable to trade stocks. Instead, the co-CEOs write that “the cause of the outage was stress on our infrastructure — which struggled with unprecedented load. That in turn led to a “thundering herd” effect…

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Fidelity & Robinhood Glitch as Panic-Stricken Investors Flee Stock Market
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Fidelity & Robinhood Glitch as Panic-Stricken Investors Flee Stock Market

Fidelity’s website and the Robinhood app crashed for some users Monday, while panicky investors fled a stock market with inflated multiples. DownDetector reported a surge in problem reports for these stock trading platforms. The Dow Jones plummeted 3% at the opening bell. Meanwhile, the Washington Post started a wild YouTube live stream that lets you…

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Robinhood stored passwords in plaintext, so change yours now
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Robinhood stored passwords in plaintext, so change yours now

Investment and stock trading app Robinhood stored some user credentials, including passwords, in plaintext on internal systems, the company revealed today. This particularly dangerous security misstep could have seriously exposed its users, though it says that it has no evidence the data was accessed improperly. Better change your password now. Sensitive data like passwords and…

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