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In June 2020, 20-year old University of Nebraska student Alexander E. Kearns committed suicide after seeing a negative cash balance of US$730,000 (equivalent to $859,442 in 2023) in his Robinhood margin trading account after the expiration, exercize, and assignment of options positions, likely a bull spread.
The scenario has been great news for Robinhood Markets (NASDAQ: HOOD), which has emerged as a big winner in this bull market. Shares of the online brokerage and financial services platform are up ...
Robinhood — which has won this year's Yahoo Finance Comeback of the Year award due to its big turn to profitability, innovative product releases, and a 180% stock price jump — has undergone a ...
Robinhood (NASDAQ: HOOD) ... The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Robinhood Markets wasn’t one of ...
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The sentiment recalls the criticism Robinhood faced since June 2020 when Alex Kearns, a Robinhood customer, took his own life after he mistakenly believed he had lost $750,000 trading derivatives ...
Robinhood is in the process of closing two new acquisitions. One is TradePMR , a wealth management platform for registered investment advisors, which it bought for $300 million.
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