Robinhood Q4: revenue of $363M, up 14% YoY, 2021 revenue of $1.82B, up 89% YoY, net loss of $423M, MAUs up 48% YoY to 17.3M; stock down 10%+ on weak Q1 guidance
Maggie Fitzgerald / CNBC :
Robinhood Q3: revenue of $365M, up 35% YoY but missing estimates of $431.5M due to less crypto trading, net loss of $1.32B, up from $11M YoY; stock down 10%+
Maggie Fitzgerald / CNBC : Source: Robinhood .
GameStop shares closed up nearly 104% on Wednesday, halting twice for volatility; GameStop said on Tuesday its CFO will resign
Maggie Fitzgerald / CNBC :
Robinhood eases trading restrictions on GameStop, AMC, Express, and some other stocks; users can now buy four shares of GameStop, up from one
Maggie Fitzgerald / CNBC :
A look at r/WallStreetBets, a 2M-member subreddit that helped push GameStop's stock to record highs and is now facing allegations of harassment
Over the past several weeks, GameStop stock has traded … Philip Stafford / Financial Times : GameStop and BlackBerry shares soar on amateur traders' fervour YouTube : The Big Short SQUEEZE from $5 to ...
Robinhood says it's investigating the cause of its third major outage in two weeks, which affected equities, crypto, and options trading until late in the day
Maggie Fitzgerald / CNBC :
Morgan Stanley says it will buy online discount brokerage E-Trade for about $13B, in the biggest takeover by an American lender since the 2008 financial crisis
Who remembers Super Bowl XLII? Business Wire : Morgan Stanley to Acquire E*TRADE, Creating a Leader in all Major Wealth Management Channels Maggie Fitzgerald / CNBC : Morgan Stanley to buy E-Trade for...
Pan-African e-commerce company Jumia closes up 75.6% on its first day of trading, after raising $196M in its IPO, and is now valued at ~$3.9B
Maggie Fitzgerald / CNBC :
Facebook says it will ban white nationalist and white separatist content, pointing users to nonprofits, after initially only banning white supremacist content
Today we're announcing a ban on praise … Abhimanyu Ghoshal / The Next Web : It shouldn't take a tragedy for tech companies to fight hate on their platforms Reuters : Facebook bans white nationalism, w...
TPG Capital fires Bill McGlashan, who managed TPG Growth, an investor in Airbnb, Spotify, and Uber, after the DOJ charged him in a college admissions scandal
Maggie Fitzgerald / CNBC :