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Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports
Reuters51d agoneutral
Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports

Meta CEO Mark Zuckerberg recently dispatched a small team at his company to create a smartphone app similar ‌to Polymarket and Kalshi, the New York Times reported on Tuesday, ‌citing two employees with knowledge of the matter. Prediction markets surged ⁠in popularity during the 2024 U.S. presidential election and have evolved into an asset class that lets investors wager on ⁠a variety of events, from monetary policy to sports tournaments. Trading platforms such as Robinhood and Interactive Brokers have rolled out event contracts.

Robinhood stock falls as company unveils $2 billion debt plan
TheStreet51d agobearish
Robinhood stock falls as company unveils $2 billion debt plan

Robinhood (HOOD) markets confirmed plans to sell $2 billion in convertible senior notes due 2029, and the stock dropped 2.2% in premarket trading on the news. A debt sale tied to a stock buyback usually reads as a vote of confidence. The fine print on this one tells a different story about what ...

Here’s Why GROW Small Cap Equity Fund Bets Against Robinhood Markets (HOOD)
Insider Monkey51d agoneutral
Here’s Why GROW Small Cap Equity Fund Bets Against Robinhood Markets (HOOD)

Grow Funds, an investment Advisor, released its Q1 2026 investor letter for “GROW Small Cap Equity Long/Short Fund”. A copy of the letter can be downloaded here. In Q1 2026, GROW Small Cap Equity Long/Short L.P (Fund) returned 4.18%, outperforming the Russell 2000 Growth Index’s –2.80%, HFRI Equity Hedge Index’s -0.24%, and the HFRI Fundamental […]

Jim Cramer Thinks Robinhood’s (HOOD) Layoffs Are Due To AI
Insider Monkey51d agobearish
Jim Cramer Thinks Robinhood’s (HOOD) Layoffs Are Due To AI

We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks discussed by Jim Cramer. Financial trading platform Robinhood Markets, Inc. (NASDAQ:HOOD) is another top Jim Cramer stock. Throughout 2025, the CNBC TV host continued to praise the firm as he […]

Robinhood's multibillion-dollar move sends stock lower
TheStreet52d agoneutral
Robinhood's multibillion-dollar move sends stock lower

Founded in 2013, Robinhood Markets (Nasdaq: HOOD) is a brokerage platform that lists stocks, cryptocurrencies, and tokenized stocks among several offerings. Its zero-commission trading has made it extremely popular among young retail traders. The company went public via an initial public ...

Robinhood’s (HOOD) Workforce Cut Raised Eyebrows But Wall Street Is Focusing on Something Else
Insider Monkey52d agoneutral
Robinhood’s (HOOD) Workforce Cut Raised Eyebrows But Wall Street Is Focusing on Something Else

With a short percentage of shares outstanding of 3.82%, Robinhood Markets, Inc. (NASDAQ:HOOD) is among the 7 Best Crypto Exchange Stocks to Buy Following Bitcoin’s Recovery. On June 17, Deutsche Bank raised its price target on Robinhood Markets, Inc. (NASDAQ:HOOD) to $105 from $103 and maintained a Buy rating on the shares following the company’s announcement that […]

Investing.com52d agoneutral
Robinhood stock slides 4% after unveiling $2 billion debt play

Investing.com -- Robinhood Markets (NASDAQ:HOOD) shares took a 4% hit on Monday following the fintech pioneer’s announcement of a massive $2.0 billion private placement of convertible senior notes due in 2029. The market’s knee-jerk sell-off highlights a classic Wall Street dilemma: while companies often view opportunistic cash raises as "strategic flexibility," equity investors usually smell impending share dilution. The unsecured notes, aimed strictly at qualified institutional buyers, will ma

Wall Street Wants To Tokenize Everything—But It First Needs The CLARITY Act
Benzinga53d agoneutral
Wall Street Wants To Tokenize Everything—But It First Needs The CLARITY Act

Blockchain was supposed to put Wall Street’s middlemen out of business. Instead, the middlemen are racing to build it. BlackRock, Goldman Sachs and JPMorgan Chase have rolled out tokenization projects over the past year, and brokerages Robinhood Markets and Kraken already sell tokenized US stocks to overseas customers, according to Bloomberg. The appeal is real. Tokenized assets trade around the clock and can be lent out or posted as collateral, freeing up capital that sits idle today. The catch