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[133] [134] [135] Robinhood faced an increase in its collateral requirement from $700 million to $3.7 billion, later reduced to $1.4 billion, and the inability to meet this requirement may have resulted in insolvency in a matter similar to the bankruptcy of Lehman Brothers. Robinhood was able to quickly raise funds to meet the reduced requirements.
Robinhood Markets has repurchased $605 million worth of shares that previously belonged to Sam Bankman-Fried, the disgraced crypto mogul, capping a contentious ownership dispute.
Robinhood announced that the company would slash 9% of its workforce in an effort to reach profitability by the end of the year. The company then reported a very lackluster first quarter ...
With Robinhood's stock up a sizzling 260% over the past year, a longtime Wall Street bear is finally tossing in the towel. JPMorgan analyst Ken Worthington upgraded his rating on Robinhood shares ...
The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly (Andrew Kelly / reuters)
One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
Following a funding round in May 2018 which increased Robinhood's valuation to $6 billion, Tenev and Bhatt became billionaires. [4] [8] In November 2020, Tenev became the sole CEO of Robinhood, having previously shared the co-CEO title with Bhatt. [9] In July 2021, Robinhood went public via an initial public offering at a $32 billion valuation ...
Robinhood Markets, Inc (NASDAQ:HOOD) stock continued trading higher Wednesday after the company on Tuesday announced a new share buyback program, enabling it to buy back stock worth $1 billion.