Robinhood


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Robinhood CEO Slams FTX M&A Chatter

Vlad Tenev, Robinhood Markets (HOOD) chief executive officer, tried to shut down speculation Wednesday that crypto giant FTX is taking over his firm, saying there's $6 billion in cash for the brokerage to explore potential acquisitions. This comes as Robinhood laid off 23% of its workforce. "The Hash" hosts weigh in.

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El CEO de Robinhood desmiente los rumores de fusiones y adquisiciones de FTX y afirma tener dinero para hacer sus propias operaciones.

Robinhood tiene 6.000 millones de dólares en efectivo si la empresa de corretaje quiere explorar posibles adquisiciones, dijo el miércoles el director ejecutivo Vlad Tenev.

Trading app Robinhood has added Solana, Pepe, Cardano and XRP to the list of cryptocurrencies available to trade on its platform. (Unsplash)

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Robinhood Cuts 23% of Staff, but Crypto Transaction Revenue Rose to $53M

Bitcoin IRA co-founder and COO Chris Kline discusses the key takeaways from Robinhood's latest earnings report as it lays off nearly a quarter of its workforce while its crypto transaction revenue rose 7% to $58 million in Q2. Plus, outlook for MicroStrategy as bitcoin maximalist and CEO Michael Saylor steps down from his position.

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Broker Robinhood Cuts Workforce by 23%, Shares Jump

Online trading brokerage Robinhood (HOOD) is cutting headcount by 780 workers, or about 23% its employees, in order to further streamline costs amid a continuing decline in monthly active users on the platform. In a press release, Robinhood CEO Vlad Tenev said it was due to “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash." "The Hash" team discusses the fate of Robinhood and where it could be headed next.

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El corredor de bolsa Robinhood recorta casi una cuarta parte de su plantilla

El negocio de Cripto aumentó para la empresa en el segundo trimestre, incluso cuando los ingresos comerciales generales disminuyeron.

Despidos en el exchange Bullish.com. (Pradit.Ph/Shutterstock)

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New York Dept of Financial Services Fines Robinhood Crypto $30M

The New York State Department of Financial Services fined Robinhood’s cryptocurrency trading unit $30 million for alleged violations of anti-money-laundering and cybersecurity regulations. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the penalty. Plus, insights into SEC's fraud charge on Ponzi scheme Forsage and latest on Bitfinext hack laundering suspects "Razzlekhan" and "Dutch."

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La división de Cripto de Robinhood recibe una multa de 30 millones de dólares del regulador financiero de Nueva York

El corredor en línea dijo el año pasado que esperaba la multa luego de una investigación de 2020.

Trading app Robinhood has added Solana, Pepe, Cardano and XRP to the list of cryptocurrencies available to trade on its platform. (Unsplash)

Finance

JPMorgan: Accionistas de Coinbase y Robinhood enfrentan una importante dilución de acciones

Al igual que muchas empresas tecnológicas que cotizan en bolsa, Coinbase y Robinhood han ofrecido a sus empleados cantidades generosas de unidades de acciones restringidas como parte de su compensación.

(Robert Nickelsberg/Getty Images)