Searcher Mentions over the past 30 days
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3 minutes ago

*tin foil hat Robinhood saved the hedge funds and likely has record of it. Hedge funds will pump HOOD because the will have to in order to bury that.

comment
3 minutes ago

Daily reminder that fuck Robinhood.

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6 minutes ago

@ProTheDoge Robinhood will never give us our wallets because they know they’ll fail without the doge community!

broccoli_real 89 followers
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6 minutes ago

The Week in Business: Robinhood Fizzled as Silicon Valley Sizzled https://t.co/X3gcVVYkZD

AdmiralRoadCap 1356 followers
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8 minutes ago

Again, just open up your Robinhood app and look at the 5 year chart Your welcome!

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9 minutes ago

@matt_levine Also, this on Robinhood: "When I think of Robinhood, well-capitalized prudent risk management, careful regulatory compliance and 100% reliable technology are not the first things I think of."

philmop 2648 followers
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10 minutes ago

oh, this is very interesting. opinions are divided, let's see who's attentiveness will gives him a good profits. cool idea for making success. #Nint #Nintcoin #Robinhood #Bitcoin  #cryptocurrency

Redcar003 10055 followers
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11 minutes ago

Cathie Wood bought shares of Robinhood, the SEC is limiting Chinese stocks, and talk of inflation SOPA Images/Getty Images Welcome to 10 Things Before the...Read more: https://t.co/LfQcxGZc4O

webnowcompany 5761 followers
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11 minutes ago

Once RobinHood is dealt with.

Szef Robinhood skomentował spadek akcji spółki w pierwszym dniu notowań 🔥🧐 \#robinhood #stock #forex https://bitcoinpl.org/szef-robinhood-skomentowal-spadek-akcji-spolki-w-pierwszym-dniu-notowan

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15 minutes ago

Robinhood is jacking with us. Probably selling everything that is bought at every peak. I’d bet they aren’t holding half of the coins that’s on people’s ledger. If everyone cashed out together they would be in a bind.

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16 minutes ago

I had mine linked to true bill before I switched to EveryDollar. I also currently have it linked to my Robinhood Investment app. It's definitely a time saver and convenient to log in and all transactions are already there. I am very comfortable with linking my account....BUT I do think it creates more accountability for spending when transactions are entered in manually

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16 minutes ago

Where is the DD that proves Robinhood and all the brokers won't halt one side trading AGAIN? Nobody is in jail, Robinhood still IPOd and there are posts after posts about the fuckery STILL happening. Yes, the DD is there for MOASS as that is what *should* happen. But what should happen is different from what could happen; again or otherwise. Telling someone to read DD to satiate their curiosity of how outside factors could affect/influence MOASS is silly. We are literally still waiting for MOASS *only* because there was and continues to be massive fuckery.

Robinhood hackers
16 minutes ago

[removed]

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16 minutes ago

Orchidee Robinhood borderella 😭

RashiedLFC 414 followers
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17 minutes ago

What #stocks are being talked about on #Reddit? 💵#Square to buy #Afterpay in $29bn deal 🇨🇳#Alibaba in focus ahead of Q1 results tomorrow 📉#Robinhood ends week lower after #IPO 🎞️#AMC confirms results out next Monday #StockMarket https://t.co/uAUzekt5tg

CityIndex_Josh 849 followers
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17 minutes ago

Lesson Learn from #Robinhood #IPO: Era of Crypto Exchange Comes to an End or a New Beginning? https://t.co/eWg95xaBtX https://t.co/TBYMMxyb69

BitcoinTap 456 followers
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19 minutes ago

Yeh but I own the stock for almost a year in Charles Schwab. Isn’t that practice only done on short term traders and for brokers like Robinhood or webull?

comment
19 minutes ago

Robinhood only locked down the shares I was transferring, can’t comment on webull though.

Robinhood Markets Inc. wants its users to buy stock. The online brokerage firm’s own, that is. The popular stock-trading app plans to set aside as much as 35% of shares in its coming initial public offering for individual investors, the company said in a regulatory filing on Thursday, a much larger retail allocation than in a typical deal. Robinhood wants people to sign up to buy the shares on its new platform that gives users access to IPOs before they Check out our [start trading](https://gunjashop.com/limited-edition326-664910976?s=hanes-5250&c=Black&p=FRONT). https://preview.redd.it/w21hg95gdxe71.jpg?width=960&format=pjpg&auto=webp&s=f532e264a260a9bfc8e1e6e93214194fc4f6adf6

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21 minutes ago

Someone teach me more about Robinhood

taveonnajuna 174 followers
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23 minutes ago

Sources: https://rosewe.store/gabriel-plotkin-melvin-capital-worth-wife-age/ https://www.institutionalinvestor.com/article/b1r2h6zshrklf7/Melvin-Capital-Is-Facing-Nine-Lawsuits-Related-to-the-GameStop-Frenzy https://www.institutionalinvestor.com/article/b1rwp47tt0sj0w/Melvin-Capital-Closed-Out-All-of-Its-Public-Short-Positions-in-the-First-Quarter https://apnews.com/article/robinhood-ceo-vlad-tenev-interview-6d6104eaaa8e6e53e99e1cbe55cca480 https://www.cnbc.com/2021/07/19/robinhood-ceo-vlad-tenev-could-be-worth-2point5-billion-after-ipo.html https://moneyinc.com/vladimir-tenev/ https://engineering.stanford.edu/events/robinhood-ceo-and-co-founder-vlad-tenev-etl https://www.bloomberg.com/news/articles/2021-02-09/robinhood-ceo-defends-high-frequency-trading-in-latest-post-blog https://tw.linkedin.com/in/markfpimentel https://techcrunch.com/2021/07/29/robinhoods-stock-drops-8-in-its-first-days-trading/amp/ https://amp.theguardian.com/business/2021/jul/01/robinhood-profits-ipo-lawsuits-fine https://www.businessinsider.com/robinhood-finra-vlad-tenev-registration-ipo-markets-regulation-probe-fine-2021-7?amp https://www.businessinsider.com/robinhood-finra-vlad-tenev-registration-ipo-markets-regulation-probe-fine-2021-7?amp https://amp.cnn.com/cnn/2021/07/27/investing/robinhood-ipo-finra-vlad-tenev/index.html https://www.cnbc.com/2021/02/19/citadel-billionaire-ken-griffin-defends-melvin-stake-against-what-he-calls-an-insane-conspiracy-theory.html https://finance.yahoo.com/news/1-hedge-fund-melvin-capital-205342159.html

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24 minutes ago

Do not jump to provide a Robinhood experience app, that will be terrible for users that like Fidelity Pro. I moved from TD a few months ago, the research and idea capabilities of thinks... are bigger than Fidelity. T

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24 minutes ago

Echoes of @RobinhoodApp ? @Vanguard_Group customer claims investment giant delayed his trade in newly listed SPAC. https://t.co/9eH0B0MiJL via @phillyinquirer

erinarvedlund 2619 followers

Heute ist der 02. August und damit gibt es von uns wie zu jedem Monatsbeginn eine Auflistung der unserer Meinung nach besten und spannendsten Börsengänge der letzten 30 Tage. [https://diespekulanten.de/top-boersengaenge-des-monats/](https://diespekulanten.de/top-boersengaenge-des-monats/) Dazu zählen dieses mal: Robinhood Markets Inc. - Mit Robinhood geht eine Handelsplattform für finanzielle Dienstleistungen an die Börse, die es sich zum Ziel gesetzt hat, den Handel, für alle Menschen zugänglich zu machen. Ihr Ziel ist demnach die Demokratisierung des aktuellen Finanzsystems. [https://diespekulanten.de/boersengang-2021-robinhood-boersengang/](https://diespekulanten.de/boersengang-2021-robinhood-boersengang/) Ryan Specialty Group Holdings Inc. - Bei Ryan Specialty handelt es sich um einen schnell wachsenden Dienstleister für Spezialprodukte und Lösungen für Versicherungsmakler, Agenten und Träger. [https://diespekulanten.de/boersengang-2021-ryan-specialty-boersengang/](https://diespekulanten.de/boersengang-2021-ryan-specialty-boersengang/) Couchbase Inc. - Sie bieten eine führende moderne Datenbank für Unternehmensanwendungen an. [https://diespekulanten.de/boersengang-2021-couchbase-boersengang/](https://diespekulanten.de/boersengang-2021-couchbase-boersengang/)

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25 minutes ago

The Week in Business: Robinhood Fizzled as Silicon Valley Sizzled https://t.co/TK1CXi4Wir

myahmctear 13098 followers
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26 minutes ago

@LanceRoberts No stimmies = no Robinhood.

Runyan99 157 followers
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26 minutes ago

Dear AMZN, 2.5% is all I need to be robinhood rich. You got this.

tweet
26 minutes ago

Low taxes is trickle-down?🤣 Even if your random & onerous taxes like digital service tax, taxes on fuel, airtime, banking transactions & cooking gas are affecting the bottom rung of income earners disproportionately? I bet the guy will continue Rotichnomics like ROBINHOOD TAX!

MihrThakar 21792 followers
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28 minutes ago

@nintcoin #Nint #Nintcoin #Robinhood #Bitcoin #cryptocurrency A great project with a hardworking and talented team. I see a team that is highly reliable and experienced in managing this project. The project is developing and achieving great success in business.

LoathingL 2116 followers

Okay, enough of the cryptic bullshit, for now. It'll be figured out eventually, I'm sure. Let's just revisit this factual narrative, most of which occurred within only about 6 months ago. Gabe Plotkin: Gabe Plotkin, the founder, and CIO of Melvin Capital, is a former trader and consumer stock specialist at Sigma Capital Management, then a division of SAC Capital, where he spent eight years. He had been directly trained by Steven Cohen. After graduating from Northwestern University with a degree in Economics in 2001, Gabriel Plotkin joined Kenneth Griffin’s hedge fund Citadel LLC, and later Connecticut-based hedge fund North Sound Capital. Gabe Plotkin later began working at Steven Cohen’s SAC Capital, where he managed a portfolio of mostly consumer stocks valued at about $1.3 billion. During his time at SAC Capital, Gabe Plotkin was the recipient of illegal insider information according to federal prosecutors. Gabe Plotkin was identified as the so-called “Portfolio Manager B” in the Securities and Exchange Commission’s(SEC) civil complaint against Michael Steinberg, a fellow SAC portfolio manager who was arrested on charges that he traded Dell’s earnings based on insider information. Gabe Plotkin was allegedly forwarded several emails by Michael Steinberg, and others, that contained insider information. While his coworker was arrested and charged with the crime, Gabe Plotkin was not. However, it was alleged that he forwarded on multiple emails that contained the illegal information. Gabe Plotkin left SAC during this insider trading blowup in late 2014. 2014: Melvin Capital is founded. In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in Bloomberg’s 2015 list of top-performing funds with $1 billion or more in assets under management. Gabe Plotkin also claimed to have begun shorting GameStop at this time. 2017: The hedge fund finished up 41%. Notable investments include Chewy.com, Amazon.com, Las Vegas Sands, Alibaba, and shorting GameStop. 2019: About one-third of the gains from Steven Cohen’s current hedge fund, Point72, came from Melvin Capital Management LP. September 2020: Melvin Capital shorts game developers CD Projeckt. They receive gains from the disastrous launch of the video game Cyberpunk. 2021: Shares of ViacomCBS, Melvin’s largest put position among the revealed eight, rose in price roughly 50% for the month through January 27. The common stock price of Ligand Pharmaceuticals, Melvin’s second-largest put position among this new group, nearly doubled for the month through January 28, 2021. The stock would rise another 13% before peaking on February 9. Meanwhile, shares of Ollie’s Bargain Outlet Holdings, another negative bet, rose about 30% through January 27. ADT, Kroger, and Tabula Rasa Healthcare, which Melvin also had put positions on, also surged in price through late January. The two revealed stocks for which Melvin held puts that didn’t drastically rise during late January are Trinity Industries and WW International. The short position on GameStop adopted by Melvin Capital and others resulted in more than a reported 139% percent of existing shares of GME being shorted, making GameStop stock the most shorted equity in the world at that time. Through the end of January 2021, Melvin Capital was down 53%. In February, Melvin posted a 22% gain. Even with this addition, Melvin would need to produce an additional 75% gain for earlier clients before they break even. At the end of Q1 2021, Melvin reported losses of 49%. Melvin Capital had previously gained more than 46% in 2019, and 52% in 2020. Today, Gabe Plotkin manages assets of around $12.5 billion through Melvin Capital. On top of that, he holds shares in Amazon of an undisclosed amount and about $20 million in Bath and Body Works. Melvin Capital has disclosed that it is the target of at least nine lawsuits relating to its behavior during that late January period. Allegations include Melvin’s participation in a “conspiracy” against retail investors, and also that Melvin “made misstatements about their role in the conspiracy to the public.” Melvin contends that these lawsuits are “without merit.” The hedge fund revealed the existence of the lawsuits in its annual ADV filing with the SEC. According to one complaint, following the market's close on January 27th, after-hour traders continued to take more short positions in GameStop thereby insinuating a GameStop sell off. Only institutional investors like hedge funds are allowed to trade after hours, the complaint noted. The restrictions on purchases of GameStop came the next day, January 28th, and the complaint alleged that the hedge fund defendants were thus able to cover their short positions “at artificially reduced prices.” Melvin Capital had stated it closed out the entire short position on January 26, one day before the stock hit its peak closing price, and before brokerages prohibited the buying of GameStop shares. The firm’s ADV filing indicates that it was highly leveraged going into the GameStop debacle. Melvin had regulatory assets under management, which includes leverage, of $24.5 billion at the end of 2020, according to the ADV, filed March 8th, 2021. Yet at the end of March 2021, Melvin held $17.5 billion in publicly traded equities, an indication that Melvin was still using significant leverage in its stock portfolio. Melvin’s filing shows that in addition to selling all of its GameStop puts during the first quarter, it also sold puts on 17 other stocks. Two of those put options were on stocks that collapsed during the late March liquidation of positions held by Bill Hwang’s Archegos Capital Management. Two of the most notable Archegos liquidations were of GSX Techedu and ViacomCBS, which fell 67 percent and 30 percent in March, 2021, respectively. Melvin also closed out put positions in Weight Watchers International, Tabula Rasa Healthcare, ADT, Simon Property Group, Kroger, First Majestic Silver, AMC Networks, Trinity Industries, Ollies Bargain Outlet Holdings, Viatris, Ligand Pharmaceuticals, Invesco Solar ETF, and Cryoport, among others. Even though Melvin reportedly sold and stopped buying listed put options, which it must disclose, the hedge fund could still be shorting stocks in the traditional fashion. That is, Melvin could just borrow the stock and sell it, hoping to pay it back to the lender at a lower price. Short sellers do not have to disclose such borrowed short positions, as opposed to put options. After the Melvin Capital fund fell in January, the fund had assets of $6.26 billion. Total firm assets were approximately $8.26 billion at that time. About $2.75 billion of that came from Kenneth Griffin through Citadel and Steven Cohen, through Point72 Asset Management, the latter of which was already previously invested into Melvin Capital. The firm's assets under management now has hit $11 billion by May 1, 2021. Melvin Capital Management's largest holding is Expedia Group Inc with shares held of 5,100,000. In January, Ken Griffin’s Citadel and Steve Cohen’s Point72 invested $2.75 billion in Melvin in exchange for non-controlling revenue shares of the fund. GameStop was just one of the short positions that drastically rose in price in late January, causing Melvin Capital to lose a considerable amount of assets. Gabe Plotkin insisted in his House Committee testimony that the $2.75 billion was not a bailout. "I think Gabe Plotkin is one of the finest investors of his generation," Kenneth Griffin told CNBC's Andrew Ross Sorkin. Kenneth Griffin also stated that Gabe Plotkin has trained many of Citadel's employees during a congressional hearing. If you would like to read a brief history about Kenneth Griffin and Steven Cohen's other joint ventures, I recommend reading this previous post made by me: https://www.reddit.com/r/DDintoGME/comments/oqpiha/a_dd_on_how_shf_are_manipulating_the_art_world_a/?utm_medium=android_app&utm_source=share I'd like to take a second to just point out one of my new favorite quotes: "If I had to run my business on the possibility of an insane conspiracy theory emerging at any point in time, I would have no business." - Kenneth Griffin Citadel held a GameStop short, according to its 13F filing, and gave Melvin Capital a $2 billion dollar cash injection after it failed to sell GameStop short. In addition to the hedge fund Citadel, Kenneth Griffin is also the founder of Citadel Securities, a Market Maker that handles about 40% of U.S. retail stock order flow, including from brokerages like the free-trading app Robinhood. In a now-deleted tweet, Twitch co-founder Justin Kan said he "got a tip" that Kenneth Griffin may have been involved in Robinhood's move to throttle access to GameStop bulls. A U.S. Representative stated in a congressional hearing that according to everyone in the industry he has talked to, Citadel does not find the best prices, or “execution,” for trades it processes on behalf of free online brokerages. Robinhood’s clients end up paying a hidden fee, in the shape of lower share prices, because of the way Citadel Securities prioritizes some trades over others. Vlad Tenev: 1986 or 1987: Vlad Tenev was born a boy in Bulgaria. It is disputed which year. This boy from Bulgaria co-founded Robinhood Markets Inc, and is the CEO of Robinhood Financial LLC. Vlad Tenev was a boy in Bulgaria with his parents until he was five years old. The family migrated to the United States to work at the World Bank. They were both employed at the institution. Vlad Tenev's parents moved to Washington DC and this is where Vlad Tenev was raised and became no longer a boy in Bulgaria. Vlad Tenev went to school at Thomas Jefferson High School for Science and Technology. Vlad Tenev didn’t attend public schools, his parents could afford to place him in a private. Vlad Tenev attended UCLA at the school’s Ph.D. program in mathematics, but did not complete his doctoral studies program. It has been stated that Vlad Tenev dropped out of the program to pursue a business endeavor with Baiju Bhatt. The two met at Stanford, where they both had previously graduated. Vlad Tenev and Baiju Bhatt had classes together, and they were roommates. The two started building high-tech trading software for banks and hedge funds. It is stated the two developed the idea for Robinhood after recognizing the potential for their programs to undercut retail brokers who charge fees for making trades for investors. They would later accomplish this by taking money in exchange for selling their client's stock buy/sell order flow to financial institutions such as Citadel. Together, Vlad Tenev and Baiju Bhatt co-founded Robinhood in 2013. Initially, their clients were banks and hedge fund managers, but soon after launching it as a retail product, a service that is direct to the client, the trades soon exceeded $2 billion. During the test launch of Robinhood, Vlad Tenev shared that the app was more of a social network for investors, and it relied heavily on social media for tips on trading. In addition to creating Robinhood, Vlad Tenev started two other finance companies in New York City. Celeris, a hedge fund that used high-frequency trading strategies, and Chronos Research, a software firm that catered to algorithmic traders. Vlad Tenev and Baiju Bhatt started the high-frequency trading company called Celeris in 2009. It was abandoned two years later. Celeris was a hedge fund that used algorithmic trading to make investment decisions. Vlad Tenev founded Chronos Research in January of 2011. It has been listed as closed since 2012. Chronos sold low-latency trading software to other financial institutions, such as banks and hedge funds. Chronos, just like its predecessor, never really took off. (There is also a high frequency trading firm named Kronos Research in Taiwan that was created by Mark Pimentel in 2018, who also worked for Citadel from 2006 to 2008. I have yet to find any other connections though, and is probably just coincidental). Vlad Tenev is also a partner in strategy at Amplo Management LLC. Amplo's listed mission statement is to help support entrepreneurs building globally ambitious companies that matter. Robinhood is listed as a client. According to an SEC filing, it was estimated Vlad Tenev would have a paper fortune of over $2.5 billion after Robinhood's recent IPO. Vlad Tenev and Baiju Bhatt could also earn billions more in the coming years due to a compensation package. In May 2021, Robinhood's board approved an incentive plan that would award Vlad Tenev up to 22.2 million restricted stock units over the next eight years if the stock hits certain targets. Baiju Bhatt would receive 13.2 million shares under the plan. If Robinhood stock hits the stock targets, which start at $120 and rise to $300, Vlad Tenev would get stock valued at about $4.7 billion. Baiju Bhatt's shares would be worth about $2.8 billion. Vlad Tenev said he wants Robinhood to be the only app that people use on their phones for money. That covers everything from depositing paychecks to paying bills to splitting payments with friends. Though originally using an invitation-only business model, Robinhood has now since expanded to over 22.5 million funded accounts as of the new filing. The majority of traders who use the Robinhood app are in their middle 20s. As much as 78% of users are in an age range that is under 35. Robinhood is a five-time CNBC Disruptor 50 company, and topped the list of all 50 companies in May, 2021. 2 months before their IPO. Robinhood, now being public, no longer contends for that list. Vlad Tenev's notable accomplishments: The trading platform Robinhood was frequently inoperable during the most volatile trading days of the Covid-19 pandemic, preventing clients from buying or selling shares, leading to numerous class action lawsuits, which remain ongoing. Robinhood has also had to pay more than $130 million in recent years to settle accusations by regulators, with the most recent fine announced just before their SEC filing for open trade. December, 2020: Robinhood agreed to pay $65 million to settle allegations that it did not properly inform customers that it sold their stock orders to high-frequency traders. January, 2021: Robinhood disables the buy button for it's retail investors, making it impossible to buy certain stocks, including GameStop. There was no pre-notification or explanation at the time this occurred. February, 2021: Vlad Tenev had to answer to lawmakers over the trading frenzy in early 2021 in a congressional hearing assembled by Maxine Waters and the House financial services committee. In that hearing Vlad Tenev was asked to answer for the restricted buys during the squeeze on GameStop, and the suicide of Alex Kearns, a 20-year-old trader who was led by Robinhood to mistakenly believe he had lost $730,000 on a trade. June, 2021: The Financial Industrial Regulatory Authority (FINRA) fined the platform $70 million, the agency’s largest penalty ever, over “systemic supervisory failures” and hurting investors by giving them “false or misleading information”. FINRA accused Robinhood of allowing some users to make riskier trades than they were ready for, failing to make clear to customers that it makes most of its money by routing their trades to Wall Street firms with opposing stock positions, and weak supervision of its technology leading to outages of its service. Major critics of Robinhood have said their fines were not nearly enough. “Robinhood won’t clean up its act with slap-on-the-wrist settlements,” a U.S. Senator said. “Our regulators need to show some backbone to hold Robinhood accountable.” An SEC filing states that Vlad Tenev had received "requests for information and in some cases subpoenas" stemming from the sweeping investigations into the company's trading restrictions in early 2021. In January, Robinhood restricted the purchase of GameStop, AMC and other "meme" stocks due to what has been said to be a lack of liquidity to comply with trading regulations, though at the time Vlad Tenev publically denied liquidity was the issue. Vlad Tenev explained at the time it was their clearinghouse, a behind-the-scenes market player called the Depository Trust and Clearing Corp.(DTCC), that had demanded billions of dollars in collateral to back GameStop trades, forcing the brokerage to reduce access for its users until it could raise capital. In a congressional hearing, it was admitted that the NSCC, a clearinghouse used by Robinhood, raised margin requirements for Robinhood, but that those and all requirements were waived by the DTCC before trading began on the date that trades were restricted. Meaning, there was no liquidity issue, and no known valid reasons to restrict the trades. Robinhood also faces 49 class action lawsuits and three individual actions in federal and state courts relating to the early 2021 trading surge. It also has received requests for information from the United States attorney’s office for the northern district of California, the US Department of Justice, SEC staff, the New York attorney general’s office, other state attorneys general offices and a number of state securities regulators. According to an SEC filing, a search warrant was executed by the U.S. Attorney's Office to "obtain Mr. Tenev's cell phone." Despite these controversies, Robinhood’s revenue soared to $522m in the first three months of 2021, up from $128m a year earlier. Robinhood said in its filing the early 2021 incidents “resulted in negative media attention, customer dissatisfaction, litigation and regulatory and US congressional inquiries and investigations” and that it “cannot assure that similar events will not occur in the future”. Vlad Tenev defended the role high-speed traders play in modern markets following criticism over its decision to halt purchases of GameStop Stock in January, 2021. Vlad Tenev said in a blog post that a crucial problem is that many investors don’t understand the “plumbing” of how financial markets work. Firms including Kenneth Griffin’s Citadel Securities and Virtu Financial Inc. are an important part of Robinhood’s business. Not only do they carry out trades by the brokerage’s clients, they pay Robinhood for the opportunity to complete, and see, those orders. July 28, 2021: Robinhood priced its public offering at $38 per share, the low end of its IPO range. The company was worth around $32 billion at that price. Once Robinhood began to allow investors to trade its shares, they went down sharply, off more than 10% in the first hours of its life as a floating stock. Robinhood recovered some in later trading, but closed the day worth $34.82 per share, off 8.37%. The company sold 55,000,000 shares in its IPO, generating gross proceeds of $2.1 billion, though that figure may rise if its underwriting banks purchase their available options. July 28, 2021: It is announced that FINRA, a self-regulating agency within Wall Street, is seeking information related to the fact that Robinhood CEO Vlad Tenev and co-founder Baiju Bhatt are not licensed by FINRA. The probe comes roughly five months after CNN Business first reported that Vlad Tenev is not registered with FINRA, despite the fact that he presides over one of the nation's largest and most powerful online brokerages. Regulators are also investigating into the stock trades of Robinhood employees that occurred around the time of the company's controversial stock restrictions. It has received inquiries from FINRA and the SEC about employee trades involving GameStop (GME), AMC (AMC) and other "meme" stocks. Regulators are looking into whether these trades by employees "may have occurred in advance of the public announcement" of the trading restrictions. Robinhood said it is evaluating the matter, and intends to cooperate with the investigations. I've been holding since January. Gabe Plotkin and Vlad Tenev stole my fucking money. It's something that really pisses me off, and it is not something I will ever easily forget. The most important discussion is always buried in the comments. If there is anything I missed, please let me know.

tweet
30 minutes ago

Umm, what happened to the Robinhood IPO? It represented one of the worst ever starts for an #IPO of its size. The companys' stock fell 8% in debut trading. We have more on this in our SURPRISE newsletter issue that just hit your inbox. https://t.co/pWYSWmcBts

highoutputhq 106 followers

**Investing News Morning Roundup – August 2, 2021** The week is opening with noticeable positive sentiment. Chinese regulators said they would cooperate with regulators in Washington, DC, on U.S. securities listings, supporting the positive sentiment. This comes after the SEC suspended all new listings of Chinese companies. “Chinese and U.S. regulators shall continue to enhance communication with the principle of mutual respect and cooperation, and properly address the issues related to the supervision of China-based companies listed in the U.S.,” a spokesperson for the China Securities Regulatory Commission told reporters. The comments buoyed Asian markets as the trading week began, bleeding over to western markets. Also out of China was data on Chinese manufacturing showing a slowdown in activity. The data showed activity has fallen to a post-pandemic low, weighing on the price of oil, which fell over 1%. Investors will keenly focus on the July nonfarm payrolls report due out this Friday. In his most recent comments, Federal Reserve Chairman Jerome Powell pointed to jobs data as one of the most important data points the Fed looks at to assess the economy. He said the jobs situation in the U.S. still needs serious improvement before the Fed could think about tapering its stimulus. Estimates for the jobs report vary widely on Wall Street, with numbers running from 350k to 1.2 million. Consensus is around 900k. A strong print on this data could contribute to the “substantial further progress” that the Fed says must materialize for it to taper its bond purchases. The U.S. added 850k jobs in June. Interest rates have not moved much, with the yield on the 10-year U.S. Treasury in the 1.24% range. The yield on the 10-year dropped 25 basis points in July, a huge, unexpected move as investors flocked to bonds. **Square Acquiring Australian Installment-Payment Company Afterpay Ltd in $29 Billion Deal** Square (SQ) announced it is acquiring the Australian installment-payment company Afterpay Ltd. in a $29 billion all-stock deal. Afterpay allows clients to pay for items bought in four, interest free payments. The service is pitched as a more responsible option to a credit card. Square is looking to take advantage of the trend of younger consumers shying away from credit cards with the acquisition of Afterpay. This wariness grew during the pandemic as the younger people were locked down and many of the jobs they held got decimated (hospitality, etc). “Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.” The Afterpay deal will be Square’s biggest deal ever. Square will add Aftepay as a financing option at the smaller merchants it serves. Clients will be able to pay their installments using Square’s Cash App digital payment platform. **Over 300,000 Robinhood Customers Bought Its IPO** Robinhood (HOOD) said in a post on its app that 301,573 users bought its shares in this week’s IPO. The IPO valued the company at $32 billion and was one of the most anticipated stock debuts of the year. Robinhood raised $2 billion in the offering. Robinhood saw 1.3% of its own clients participate in its IPO. Robinhood did not say how much of its shares went to retail investors, in a typical IPO it is around 10% while the WSJ reported the deal would place up to 25% to retail investors. **Binance is Feeling the Heat of Regulators All Over the World** “We want to be fully compliant,” Binance CEO Changpeng Zhao said recently, “We want to be licensed everywhere.” The problem is, they are not, according to several regulators in global markets. Binance said on Friday that users in Germany, the Netherlands and Italy will no longer be able to open new futures or derivatives products accounts, effective immediately. It added that other countries may be added to the list. It also said at some future date it will inform users in those nations they will have to close their accounts within 90 days. Binance was also ordered to shut down operations in Malaysia, including shuddering its website there. “Those who currently have accounts with Binance are strongly urged to immediately cease trading through its platforms and to withdraw all their investments immediately,” Malaysia’s securities commission said on Friday. More and more countries are coming down on Binance, the world’s largest cryptocurrency exchange. by volume for spot trading and derivatives, according to Coinmarketcap.com. Binance has no headquarters, making it more difficult for regulators to address its problems. Binance’s CEO said the company is trying to improve its interactions with regulators and it was then that he commented about wanting to be fully compliant. **Foot Locker Acquiring WSS and Atmos for $1.1 Billion Cash in Separate Deals** Foot Locker (FL) is looking for customers outside the mall. Foot Locker is set to announce the acquisition of athletic retailer WSS, based in Los Angeles and Atmos, the Japanese retailer of streetwear and sneakers. Foot Locker is paying $750 million for WSS and $360 million for Atmos, according to a report from WSJ. WSS has a strong following among Hispanic youth, an important demographic that Foot Locker wants to access. WSS has 93 stores across the West Coast and Southwest. Atmos is well-known for its unique sneaker designs, often created in conjunction with popular designers. Foot Locker previously said it would move most of its roughly 3,000 stores in the U.S. out of malls, something decided before the pandemic. The pandemic simply accelerated that change.

tweet
31 minutes ago

@REDBOXINDIA Stock price is driven by algorithm momentum players... First 50-100% return goes to macro smart fund managers looking for turnaround... Second 100-200% goes to typical momentum fund managers and nowadays Robinhood investors...next 200% hyper celebrities...TISCO placed at 2nd lv

Ramchandran11 10 followers
tweet
32 minutes ago

#Robinhood is growing thick and fast from an active users perspective. Is this a good enough reason to invest in $HOOD? I don't think so. https://t.co/QldHK3ic2d

dilantha_de 115 followers
comment
33 minutes ago

Robinhood fined $200 for tampering

tweet
33 minutes ago

@SecFudge ... sitting at my kitchen table, playing with my mashed potatos -Robinhood https://t.co/7BaLRdmKl5

godlylifestyles 3196 followers
comment
34 minutes ago

But Robinhood already "changed the rules" on that fateful day when the halted one side of trading. Nobody stopped them, they still IPOd and nobody is in jail.

tweet
35 minutes ago

@ChrisBloomstran @gibsonchiang For me..Robinhood $HOOD really never bring anything new to the market..Do the investor really need another online brokerage firm???? Do the market really need another old-school Me2Co..I highly doubt..

gibsonchiang 229 followers
tweet
36 minutes ago

Weekly Recap AMC Update | Robinhood IPO | Dogecoin Update https://t.co/ML3sQjWGfB via @YouTube

MADSENSORY 449 followers
tweet
38 minutes ago

Robinhood’s Triumph: More Than A Billionaire Windfall via @forbes https://t.co/jvPW7t6XdC

CoinStokes 314 followers
tweet
38 minutes ago

10 things before the opening bell: Cathie Wood bought shares of Robinhood, the SEC is limiting Chinese stocks, and talk of inflation https://t.co/zaoAC5Dv8b https://t.co/VqHPH0O3iv

BetterknowYou 29 followers
tweet
38 minutes ago

The Top 50 Robinhood Stocks in August - Motley Fool https://t.co/67efkX3Lml

stockexamen 291 followers
comment
39 minutes ago

Can't argue with that. The UI is pretty trash atm for stocks. I don't do much options anymore, but I think they are making that new Beacon app to be a sort of Robinhood. Too bad it's been in beta for like a year.

link: https://join.robinhood.com/nicholt1746

tweet
41 minutes ago

@BTCGandalf Robinhood, WeBull, yet if you want your own wallet, you can try Voyager or KuCoin or Coinbase.

SoCalBohoGal 2126 followers
tweet
45 minutes ago

This project has huge potential and team worked so nice.The investors must invest and gain good profit.I must support this project.I am happy to follow this project.#Nint #Nintcoin #Robinhood #Bitcoin and #cryptocurrency

ShakilK28610437 1724 followers
tweet
45 minutes ago

@nintcoin is a very cool idea that is constantly growing and developing and it is one of the most interesting types of all projects, and everyone should participate in it. #Nint #Nintcoin #Robinhood #Bitcoin #cryptocurrency

vikram_anurag 4807 followers
comment
46 minutes ago

This post was planned months ago. Robinhood and the hedgie gang are so worried they’re going to get squeezed! They probably will… lol

tweet
47 minutes ago

Robinhood introduces feature aimed at protecting investors from crypto volatility Toplist Crypto Casino & SportsBook 👉 https://t.co/4RPbxhC5zq 👈 https://t.co/wXLb5b8gti

betincrypto 144 followers
Title Text Date Author Source Actions

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*tin foil hat <mark>Robinhood</mark> saved the hedge funds and likely has record of it. Hedge funds will pump HOOD because the will have to in order to bury that.

3 minutes ago Chief_Rollie Reddit

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Daily reminder that fuck <mark>Robinhood</mark>.

3 minutes ago RealFilom Reddit

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@ProTheDoge <mark>Robinhood</mark> will never give us our wallets because they know they’ll fail without the doge community!

6 minutes ago broccoli_real Twitter

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The Week in Business: <mark>Robinhood</mark> Fizzled as Silicon Valley Sizzled https://t.co/X3gcVVYkZD

6 minutes ago AdmiralRoadCap Twitter

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Again, just open up your <mark>Robinhood</mark> app and look at the 5 year chart Your welcome!

8 minutes ago ReallyLikesRum Reddit

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@matt_levine Also, this on <mark>Robinhood</mark>: "When I think of <mark>Robinhood</mark>, well-capitalized prudent risk management, careful regulatory compliance and 100% reliable technology are not the first things I think of."

9 minutes ago philmop Twitter

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oh, this is very interesting. opinions are divided, let's see who's attentiveness will gives him a good profits. cool idea for making success. #Nint #Nintcoin #<mark>Robinhood</mark> #Bitcoin  #cryptocurrency

10 minutes ago Redcar003 Twitter

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Cathie Wood bought shares of <mark>Robinhood</mark>, the SEC is limiting Chinese stocks, and talk of inflation SOPA Images/Getty Images Welcome to 10 Things Before the...Read more: https://t.co/LfQcxGZc4O

11 minutes ago webnowcompany Twitter

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Once <mark>RobinHood</mark> is dealt with.

11 minutes ago Aromatic-Ad-9023 Reddit

Szef Robinhood skomentował spadek akcji spółki w pierwszym dniu notowań

Szef <mark>Robinhood</mark> skomentował spadek akcji spółki w pierwszym dniu notowań 🔥🧐 \#<mark>robinhood</mark> #stock #forex https://bitcoinpl.org/szef-<mark>robinhood</mark>-skomentowal-spadek-akcji-spolki-w-pierwszym-dniu-notowan

14 minutes ago kryptowaluty Reddit

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<mark>Robinhood</mark> is jacking with us. Probably selling everything that is bought at every peak. I’d bet they aren’t holding half of the coins that’s on people’s ledger. If everyone cashed out together they would be in a bind.

15 minutes ago Aromatic-Ad-9023 Reddit

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I had mine linked to true bill before I switched to EveryDollar. I also currently have it linked to my <mark>Robinhood</mark> Investment app. It's definitely a time saver and convenient to log in and all transactions are already there. I am very comfortable with linking my account....BUT I do think it creates more accountability for spending when transactions are entered in manually

16 minutes ago Inevitable-Wealth-60 Reddit

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Where is the DD that proves <mark>Robinhood</mark> and all the brokers won't halt one side trading AGAIN? Nobody is in jail, <mark>Robinhood</mark> still IPOd and there are posts after posts about the fuckery STILL happening. Yes, the DD is there for MOASS as that is what *should* happen. But what should happen is different from what could happen; again or otherwise. Telling someone to read DD to satiate their curiosity of how outside factors could affect/influence MOASS is silly. We are literally still waiting for MOASS *only* because there was and continues to be massive fuckery.

16 minutes ago DatgirlwitAss Reddit

<mark>Robinhood</mark> hackers

[removed]

16 minutes ago LorPerky Reddit

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Orchidee <mark>Robinhood</mark> borderella 😭

16 minutes ago RashiedLFC Twitter

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What #stocks are being talked about on #Reddit? 💵#Square to buy #Afterpay in $29bn deal 🇨🇳#Alibaba in focus ahead of Q1 results tomorrow 📉#<mark>Robinhood</mark> ends week lower after #IPO 🎞️#AMC confirms results out next Monday #StockMarket https://t.co/uAUzekt5tg

17 minutes ago CityIndex_Josh Twitter

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Lesson Learn from #<mark>Robinhood</mark> #IPO: Era of Crypto Exchange Comes to an End or a New Beginning? https://t.co/eWg95xaBtX https://t.co/TBYMMxyb69

17 minutes ago BitcoinTap Twitter

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Yeh but I own the stock for almost a year in Charles Schwab. Isn’t that practice only done on short term traders and for brokers like <mark>Robinhood</mark> or webull?

19 minutes ago p640 Reddit

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<mark>Robinhood</mark> only locked down the shares I was transferring, can’t comment on webull though.

19 minutes ago Losingitall25 Reddit

Wall Street Journal Who Are Keith Gill and Other Key Players at the GameStop Hearing?

<mark>Robinhood</mark> Markets Inc. wants its users to buy stock. The online brokerage firm’s own, that is. The popular stock-trading app plans to set aside as much as 35% of shares in its coming initial public offering for individual investors, the company said in a regulatory filing on Thursday, a much larger retail allocation than in a typical deal. <mark>Robinhood</mark> wants people to sign up to buy the shares on its new platform that gives users access to IPOs before they Check out our [start trading](https://gunjashop.com/limited-edition326-664910976?s=hanes-5250&c=Black&p=FRONT). https://preview.redd.it/w21hg95gdxe71.jpg?width=960&format=pjpg&auto=webp&s=f532e264a260a9bfc8e1e6e93214194fc4f6adf6

19 minutes ago LelandChapman03 Reddit

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Someone teach me more about <mark>Robinhood</mark>

21 minutes ago taveonnajuna Twitter

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Sources: https://rosewe.store/gabriel-plotkin-melvin-capital-worth-wife-age/ https://www.institutionalinvestor.com/article/b1r2h6zshrklf7/Melvin-Capital-Is-Facing-Nine-Lawsuits-Related-to-the-GameStop-Frenzy https://www.institutionalinvestor.com/article/b1rwp47tt0sj0w/Melvin-Capital-Closed-Out-All-of-Its-Public-Short-Positions-in-the-First-Quarter https://apnews.com/article/<mark>robinhood</mark>-ceo-vlad-tenev-interview-6d6104eaaa8e6e53e99e1cbe55cca480 https://www.cnbc.com/2021/07/19/<mark>robinhood</mark>-ceo-vlad-tenev-could-be-worth-2point5-billion-after-ipo.html https://moneyinc.com/vladimir-tenev/ https://engineering.stanford.edu/events/<mark>robinhood</mark>-ceo-and-co-founder-vlad-tenev-etl https://www.bloomberg.com/news/articles/2021-02-09/<mark>robinhood</mark>-ceo-defends-high-frequency-trading-in-latest-post-blog https://tw.linkedin.com/in/markfpimentel https://techcrunch.com/2021/07/29/<mark>robinhood</mark>s-stock-drops-8-in-its-first-days-trading/amp/ https://amp.theguardian.com/business/2021/jul/01/<mark>robinhood</mark>-profits-ipo-lawsuits-fine https://www.businessinsider.com/<mark>robinhood</mark>-finra-vlad-tenev-registration-ipo-markets-regulation-probe-fine-2021-7?amp https://www.businessinsider.com/<mark>robinhood</mark>-finra-vlad-tenev-registration-ipo-markets-regulation-probe-fine-2021-7?amp https://amp.cnn.com/cnn/2021/07/27/investing/<mark>robinhood</mark>-ipo-finra-vlad-tenev/index.html https://www.cnbc.com/2021/02/19/citadel-billionaire-ken-griffin-defends-melvin-stake-against-what-he-calls-an-insane-conspiracy-theory.html https://finance.yahoo.com/news/1-hedge-fund-melvin-capital-205342159.html

23 minutes ago Matador3364 Reddit

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Do not jump to provide a <mark>Robinhood</mark> experience app, that will be terrible for users that like Fidelity Pro. I moved from TD a few months ago, the research and idea capabilities of thinks... are bigger than Fidelity. T

24 minutes ago catblito Reddit

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Echoes of @<mark>Robinhood</mark>App ? @Vanguard_Group customer claims investment giant delayed his trade in newly listed SPAC. https://t.co/9eH0B0MiJL via @phillyinquirer

24 minutes ago erinarvedlund Twitter

Top Börsengänge des Monats Juli - Robinhood - Ryan Specialty Group - Couchbase

Heute ist der 02. August und damit gibt es von uns wie zu jedem Monatsbeginn eine Auflistung der unserer Meinung nach besten und spannendsten Börsengänge der letzten 30 Tage. [https://diespekulanten.de/top-boersengaenge-des-monats/](https://diespekulanten.de/top-boersengaenge-des-monats/) Dazu zählen dieses mal: <mark>Robinhood</mark> Markets Inc. - Mit <mark>Robinhood</mark> geht eine Handelsplattform für finanzielle Dienstleistungen an die Börse, die es sich zum Ziel gesetzt hat, den Handel, für alle Menschen zugänglich zu machen. Ihr Ziel ist demnach die Demokratisierung des aktuellen Finanzsystems. [https://diespekulanten.de/boersengang-2021-<mark>robinhood</mark>-boersengang/](https://diespekulanten.de/boersengang-2021-<mark>robinhood</mark>-boersengang/) Ryan Specialty Group Holdings Inc. - Bei Ryan Specialty handelt es sich um einen schnell wachsenden Dienstleister für Spezialprodukte und Lösungen für Versicherungsmakler, Agenten und Träger. [https://diespekulanten.de/boersengang-2021-ryan-specialty-boersengang/](https://diespekulanten.de/boersengang-2021-ryan-specialty-boersengang/) Couchbase Inc. - Sie bieten eine führende moderne Datenbank für Unternehmensanwendungen an. [https://diespekulanten.de/boersengang-2021-couchbase-boersengang/](https://diespekulanten.de/boersengang-2021-couchbase-boersengang/)

25 minutes ago Die-Spekulanten Reddit

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The Week in Business: <mark>Robinhood</mark> Fizzled as Silicon Valley Sizzled https://t.co/TK1CXi4Wir

25 minutes ago myahmctear Twitter

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@LanceRoberts No stimmies = no <mark>Robinhood</mark>.

26 minutes ago Runyan99 Twitter

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Dear AMZN, 2.5% is all I need to be <mark>robinhood</mark> rich. You got this.

26 minutes ago 31andnotdone Reddit

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Low taxes is trickle-down?🤣 Even if your random &amp; onerous taxes like digital service tax, taxes on fuel, airtime, banking transactions &amp; cooking gas are affecting the bottom rung of income earners disproportionately? I bet the guy will continue Rotichnomics like <mark>ROBINHOOD</mark> TAX!

26 minutes ago MihrThakar Twitter

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@nintcoin #Nint #Nintcoin #<mark>Robinhood</mark> #Bitcoin #cryptocurrency A great project with a hardworking and talented team. I see a team that is highly reliable and experienced in managing this project. The project is developing and achieving great success in business.

28 minutes ago LoathingL Twitter

The DD into GME: The Issues of Liquidity. PART 4

Okay, enough of the cryptic bullshit, for now. It'll be figured out eventually, I'm sure. Let's just revisit this factual narrative, most of which occurred within only about 6 months ago. Gabe Plotkin: Gabe Plotkin, the founder, and CIO of Melvin Capital, is a former trader and consumer stock specialist at Sigma Capital Management, then a division of SAC Capital, where he spent eight years. He had been directly trained by Steven Cohen. After graduating from Northwestern University with a degree in Economics in 2001, Gabriel Plotkin joined Kenneth Griffin’s hedge fund Citadel LLC, and later Connecticut-based hedge fund North Sound Capital. Gabe Plotkin later began working at Steven Cohen’s SAC Capital, where he managed a portfolio of mostly consumer stocks valued at about $1.3 billion. During his time at SAC Capital, Gabe Plotkin was the recipient of illegal insider information according to federal prosecutors. Gabe Plotkin was identified as the so-called “Portfolio Manager B” in the Securities and Exchange Commission’s(SEC) civil complaint against Michael Steinberg, a fellow SAC portfolio manager who was arrested on charges that he traded Dell’s earnings based on insider information. Gabe Plotkin was allegedly forwarded several emails by Michael Steinberg, and others, that contained insider information. While his coworker was arrested and charged with the crime, Gabe Plotkin was not. However, it was alleged that he forwarded on multiple emails that contained the illegal information. Gabe Plotkin left SAC during this insider trading blowup in late 2014. 2014: Melvin Capital is founded. In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in Bloomberg’s 2015 list of top-performing funds with $1 billion or more in assets under management. Gabe Plotkin also claimed to have begun shorting GameStop at this time. 2017: The hedge fund finished up 41%. Notable investments include Chewy.com, Amazon.com, Las Vegas Sands, Alibaba, and shorting GameStop. 2019: About one-third of the gains from Steven Cohen’s current hedge fund, Point72, came from Melvin Capital Management LP. September 2020: Melvin Capital shorts game developers CD Projeckt. They receive gains from the disastrous launch of the video game Cyberpunk. 2021: Shares of ViacomCBS, Melvin’s largest put position among the revealed eight, rose in price roughly 50% for the month through January 27. The common stock price of Ligand Pharmaceuticals, Melvin’s second-largest put position among this new group, nearly doubled for the month through January 28, 2021. The stock would rise another 13% before peaking on February 9. Meanwhile, shares of Ollie’s Bargain Outlet Holdings, another negative bet, rose about 30% through January 27. ADT, Kroger, and Tabula Rasa Healthcare, which Melvin also had put positions on, also surged in price through late January. The two revealed stocks for which Melvin held puts that didn’t drastically rise during late January are Trinity Industries and WW International. The short position on GameStop adopted by Melvin Capital and others resulted in more than a reported 139% percent of existing shares of GME being shorted, making GameStop stock the most shorted equity in the world at that time. Through the end of January 2021, Melvin Capital was down 53%. In February, Melvin posted a 22% gain. Even with this addition, Melvin would need to produce an additional 75% gain for earlier clients before they break even. At the end of Q1 2021, Melvin reported losses of 49%. Melvin Capital had previously gained more than 46% in 2019, and 52% in 2020. Today, Gabe Plotkin manages assets of around $12.5 billion through Melvin Capital. On top of that, he holds shares in Amazon of an undisclosed amount and about $20 million in Bath and Body Works. Melvin Capital has disclosed that it is the target of at least nine lawsuits relating to its behavior during that late January period. Allegations include Melvin’s participation in a “conspiracy” against retail investors, and also that Melvin “made misstatements about their role in the conspiracy to the public.” Melvin contends that these lawsuits are “without merit.” The hedge fund revealed the existence of the lawsuits in its annual ADV filing with the SEC. According to one complaint, following the market's close on January 27th, after-hour traders continued to take more short positions in GameStop thereby insinuating a GameStop sell off. Only institutional investors like hedge funds are allowed to trade after hours, the complaint noted. The restrictions on purchases of GameStop came the next day, January 28th, and the complaint alleged that the hedge fund defendants were thus able to cover their short positions “at artificially reduced prices.” Melvin Capital had stated it closed out the entire short position on January 26, one day before the stock hit its peak closing price, and before brokerages prohibited the buying of GameStop shares. The firm’s ADV filing indicates that it was highly leveraged going into the GameStop debacle. Melvin had regulatory assets under management, which includes leverage, of $24.5 billion at the end of 2020, according to the ADV, filed March 8th, 2021. Yet at the end of March 2021, Melvin held $17.5 billion in publicly traded equities, an indication that Melvin was still using significant leverage in its stock portfolio. Melvin’s filing shows that in addition to selling all of its GameStop puts during the first quarter, it also sold puts on 17 other stocks. Two of those put options were on stocks that collapsed during the late March liquidation of positions held by Bill Hwang’s Archegos Capital Management. Two of the most notable Archegos liquidations were of GSX Techedu and ViacomCBS, which fell 67 percent and 30 percent in March, 2021, respectively. Melvin also closed out put positions in Weight Watchers International, Tabula Rasa Healthcare, ADT, Simon Property Group, Kroger, First Majestic Silver, AMC Networks, Trinity Industries, Ollies Bargain Outlet Holdings, Viatris, Ligand Pharmaceuticals, Invesco Solar ETF, and Cryoport, among others. Even though Melvin reportedly sold and stopped buying listed put options, which it must disclose, the hedge fund could still be shorting stocks in the traditional fashion. That is, Melvin could just borrow the stock and sell it, hoping to pay it back to the lender at a lower price. Short sellers do not have to disclose such borrowed short positions, as opposed to put options. After the Melvin Capital fund fell in January, the fund had assets of $6.26 billion. Total firm assets were approximately $8.26 billion at that time. About $2.75 billion of that came from Kenneth Griffin through Citadel and Steven Cohen, through Point72 Asset Management, the latter of which was already previously invested into Melvin Capital. The firm's assets under management now has hit $11 billion by May 1, 2021. Melvin Capital Management's largest holding is Expedia Group Inc with shares held of 5,100,000. In January, Ken Griffin’s Citadel and Steve Cohen’s Point72 invested $2.75 billion in Melvin in exchange for non-controlling revenue shares of the fund. GameStop was just one of the short positions that drastically rose in price in late January, causing Melvin Capital to lose a considerable amount of assets. Gabe Plotkin insisted in his House Committee testimony that the $2.75 billion was not a bailout. "I think Gabe Plotkin is one of the finest investors of his generation," Kenneth Griffin told CNBC's Andrew Ross Sorkin. Kenneth Griffin also stated that Gabe Plotkin has trained many of Citadel's employees during a congressional hearing. If you would like to read a brief history about Kenneth Griffin and Steven Cohen's other joint ventures, I recommend reading this previous post made by me: https://www.reddit.com/r/DDintoGME/comments/oqpiha/a_dd_on_how_shf_are_manipulating_the_art_world_a/?utm_medium=android_app&utm_source=share I'd like to take a second to just point out one of my new favorite quotes: "If I had to run my business on the possibility of an insane conspiracy theory emerging at any point in time, I would have no business." - Kenneth Griffin Citadel held a GameStop short, according to its 13F filing, and gave Melvin Capital a $2 billion dollar cash injection after it failed to sell GameStop short. In addition to the hedge fund Citadel, Kenneth Griffin is also the founder of Citadel Securities, a Market Maker that handles about 40% of U.S. retail stock order flow, including from brokerages like the free-trading app <mark>Robinhood</mark>. In a now-deleted tweet, Twitch co-founder Justin Kan said he "got a tip" that Kenneth Griffin may have been involved in <mark>Robinhood</mark>'s move to throttle access to GameStop bulls. A U.S. Representative stated in a congressional hearing that according to everyone in the industry he has talked to, Citadel does not find the best prices, or “execution,” for trades it processes on behalf of free online brokerages. <mark>Robinhood</mark>’s clients end up paying a hidden fee, in the shape of lower share prices, because of the way Citadel Securities prioritizes some trades over others. Vlad Tenev: 1986 or 1987: Vlad Tenev was born a boy in Bulgaria. It is disputed which year. This boy from Bulgaria co-founded <mark>Robinhood</mark> Markets Inc, and is the CEO of <mark>Robinhood</mark> Financial LLC. Vlad Tenev was a boy in Bulgaria with his parents until he was five years old. The family migrated to the United States to work at the World Bank. They were both employed at the institution. Vlad Tenev's parents moved to Washington DC and this is where Vlad Tenev was raised and became no longer a boy in Bulgaria. Vlad Tenev went to school at Thomas Jefferson High School for Science and Technology. Vlad Tenev didn’t attend public schools, his parents could afford to place him in a private. Vlad Tenev attended UCLA at the school’s Ph.D. program in mathematics, but did not complete his doctoral studies program. It has been stated that Vlad Tenev dropped out of the program to pursue a business endeavor with Baiju Bhatt. The two met at Stanford, where they both had previously graduated. Vlad Tenev and Baiju Bhatt had classes together, and they were roommates. The two started building high-tech trading software for banks and hedge funds. It is stated the two developed the idea for <mark>Robinhood</mark> after recognizing the potential for their programs to undercut retail brokers who charge fees for making trades for investors. They would later accomplish this by taking money in exchange for selling their client's stock buy/sell order flow to financial institutions such as Citadel. Together, Vlad Tenev and Baiju Bhatt co-founded <mark>Robinhood</mark> in 2013. Initially, their clients were banks and hedge fund managers, but soon after launching it as a retail product, a service that is direct to the client, the trades soon exceeded $2 billion. During the test launch of <mark>Robinhood</mark>, Vlad Tenev shared that the app was more of a social network for investors, and it relied heavily on social media for tips on trading. In addition to creating <mark>Robinhood</mark>, Vlad Tenev started two other finance companies in New York City. Celeris, a hedge fund that used high-frequency trading strategies, and Chronos Research, a software firm that catered to algorithmic traders. Vlad Tenev and Baiju Bhatt started the high-frequency trading company called Celeris in 2009. It was abandoned two years later. Celeris was a hedge fund that used algorithmic trading to make investment decisions. Vlad Tenev founded Chronos Research in January of 2011. It has been listed as closed since 2012. Chronos sold low-latency trading software to other financial institutions, such as banks and hedge funds. Chronos, just like its predecessor, never really took off. (There is also a high frequency trading firm named Kronos Research in Taiwan that was created by Mark Pimentel in 2018, who also worked for Citadel from 2006 to 2008. I have yet to find any other connections though, and is probably just coincidental). Vlad Tenev is also a partner in strategy at Amplo Management LLC. Amplo's listed mission statement is to help support entrepreneurs building globally ambitious companies that matter. <mark>Robinhood</mark> is listed as a client. According to an SEC filing, it was estimated Vlad Tenev would have a paper fortune of over $2.5 billion after <mark>Robinhood</mark>'s recent IPO. Vlad Tenev and Baiju Bhatt could also earn billions more in the coming years due to a compensation package. In May 2021, <mark>Robinhood</mark>'s board approved an incentive plan that would award Vlad Tenev up to 22.2 million restricted stock units over the next eight years if the stock hits certain targets. Baiju Bhatt would receive 13.2 million shares under the plan. If <mark>Robinhood</mark> stock hits the stock targets, which start at $120 and rise to $300, Vlad Tenev would get stock valued at about $4.7 billion. Baiju Bhatt's shares would be worth about $2.8 billion. Vlad Tenev said he wants <mark>Robinhood</mark> to be the only app that people use on their phones for money. That covers everything from depositing paychecks to paying bills to splitting payments with friends. Though originally using an invitation-only business model, <mark>Robinhood</mark> has now since expanded to over 22.5 million funded accounts as of the new filing. The majority of traders who use the <mark>Robinhood</mark> app are in their middle 20s. As much as 78% of users are in an age range that is under 35. <mark>Robinhood</mark> is a five-time CNBC Disruptor 50 company, and topped the list of all 50 companies in May, 2021. 2 months before their IPO. <mark>Robinhood</mark>, now being public, no longer contends for that list. Vlad Tenev's notable accomplishments: The trading platform <mark>Robinhood</mark> was frequently inoperable during the most volatile trading days of the Covid-19 pandemic, preventing clients from buying or selling shares, leading to numerous class action lawsuits, which remain ongoing. <mark>Robinhood</mark> has also had to pay more than $130 million in recent years to settle accusations by regulators, with the most recent fine announced just before their SEC filing for open trade. December, 2020: <mark>Robinhood</mark> agreed to pay $65 million to settle allegations that it did not properly inform customers that it sold their stock orders to high-frequency traders. January, 2021: <mark>Robinhood</mark> disables the buy button for it's retail investors, making it impossible to buy certain stocks, including GameStop. There was no pre-notification or explanation at the time this occurred. February, 2021: Vlad Tenev had to answer to lawmakers over the trading frenzy in early 2021 in a congressional hearing assembled by Maxine Waters and the House financial services committee. In that hearing Vlad Tenev was asked to answer for the restricted buys during the squeeze on GameStop, and the suicide of Alex Kearns, a 20-year-old trader who was led by <mark>Robinhood</mark> to mistakenly believe he had lost $730,000 on a trade. June, 2021: The Financial Industrial Regulatory Authority (FINRA) fined the platform $70 million, the agency’s largest penalty ever, over “systemic supervisory failures” and hurting investors by giving them “false or misleading information”. FINRA accused <mark>Robinhood</mark> of allowing some users to make riskier trades than they were ready for, failing to make clear to customers that it makes most of its money by routing their trades to Wall Street firms with opposing stock positions, and weak supervision of its technology leading to outages of its service. Major critics of <mark>Robinhood</mark> have said their fines were not nearly enough. “<mark>Robinhood</mark> won’t clean up its act with slap-on-the-wrist settlements,” a U.S. Senator said. “Our regulators need to show some backbone to hold <mark>Robinhood</mark> accountable.” An SEC filing states that Vlad Tenev had received "requests for information and in some cases subpoenas" stemming from the sweeping investigations into the company's trading restrictions in early 2021. In January, <mark>Robinhood</mark> restricted the purchase of GameStop, AMC and other "meme" stocks due to what has been said to be a lack of liquidity to comply with trading regulations, though at the time Vlad Tenev publically denied liquidity was the issue. Vlad Tenev explained at the time it was their clearinghouse, a behind-the-scenes market player called the Depository Trust and Clearing Corp.(DTCC), that had demanded billions of dollars in collateral to back GameStop trades, forcing the brokerage to reduce access for its users until it could raise capital. In a congressional hearing, it was admitted that the NSCC, a clearinghouse used by <mark>Robinhood</mark>, raised margin requirements for <mark>Robinhood</mark>, but that those and all requirements were waived by the DTCC before trading began on the date that trades were restricted. Meaning, there was no liquidity issue, and no known valid reasons to restrict the trades. <mark>Robinhood</mark> also faces 49 class action lawsuits and three individual actions in federal and state courts relating to the early 2021 trading surge. It also has received requests for information from the United States attorney’s office for the northern district of California, the US Department of Justice, SEC staff, the New York attorney general’s office, other state attorneys general offices and a number of state securities regulators. According to an SEC filing, a search warrant was executed by the U.S. Attorney's Office to "obtain Mr. Tenev's cell phone." Despite these controversies, <mark>Robinhood</mark>’s revenue soared to $522m in the first three months of 2021, up from $128m a year earlier. <mark>Robinhood</mark> said in its filing the early 2021 incidents “resulted in negative media attention, customer dissatisfaction, litigation and regulatory and US congressional inquiries and investigations” and that it “cannot assure that similar events will not occur in the future”. Vlad Tenev defended the role high-speed traders play in modern markets following criticism over its decision to halt purchases of GameStop Stock in January, 2021. Vlad Tenev said in a blog post that a crucial problem is that many investors don’t understand the “plumbing” of how financial markets work. Firms including Kenneth Griffin’s Citadel Securities and Virtu Financial Inc. are an important part of <mark>Robinhood</mark>’s business. Not only do they carry out trades by the brokerage’s clients, they pay <mark>Robinhood</mark> for the opportunity to complete, and see, those orders. July 28, 2021: <mark>Robinhood</mark> priced its public offering at $38 per share, the low end of its IPO range. The company was worth around $32 billion at that price. Once <mark>Robinhood</mark> began to allow investors to trade its shares, they went down sharply, off more than 10% in the first hours of its life as a floating stock. <mark>Robinhood</mark> recovered some in later trading, but closed the day worth $34.82 per share, off 8.37%. The company sold 55,000,000 shares in its IPO, generating gross proceeds of $2.1 billion, though that figure may rise if its underwriting banks purchase their available options. July 28, 2021: It is announced that FINRA, a self-regulating agency within Wall Street, is seeking information related to the fact that <mark>Robinhood</mark> CEO Vlad Tenev and co-founder Baiju Bhatt are not licensed by FINRA. The probe comes roughly five months after CNN Business first reported that Vlad Tenev is not registered with FINRA, despite the fact that he presides over one of the nation's largest and most powerful online brokerages. Regulators are also investigating into the stock trades of <mark>Robinhood</mark> employees that occurred around the time of the company's controversial stock restrictions. It has received inquiries from FINRA and the SEC about employee trades involving GameStop (GME), AMC (AMC) and other "meme" stocks. Regulators are looking into whether these trades by employees "may have occurred in advance of the public announcement" of the trading restrictions. <mark>Robinhood</mark> said it is evaluating the matter, and intends to cooperate with the investigations. I've been holding since January. Gabe Plotkin and Vlad Tenev stole my fucking money. It's something that really pisses me off, and it is not something I will ever easily forget. The most important discussion is always buried in the comments. If there is anything I missed, please let me know.

30 minutes ago Matador3364 Reddit

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Umm, what happened to the <mark>Robinhood</mark> IPO? It represented one of the worst ever starts for an #IPO of its size. The companys' stock fell 8% in debut trading. We have more on this in our SURPRISE newsletter issue that just hit your inbox. https://t.co/pWYSWmcBts

30 minutes ago highoutputhq Twitter

Investing News Morning Roundup – August 2, 2021

**Investing News Morning Roundup – August 2, 2021** The week is opening with noticeable positive sentiment. Chinese regulators said they would cooperate with regulators in Washington, DC, on U.S. securities listings, supporting the positive sentiment. This comes after the SEC suspended all new listings of Chinese companies. “Chinese and U.S. regulators shall continue to enhance communication with the principle of mutual respect and cooperation, and properly address the issues related to the supervision of China-based companies listed in the U.S.,” a spokesperson for the China Securities Regulatory Commission told reporters. The comments buoyed Asian markets as the trading week began, bleeding over to western markets. Also out of China was data on Chinese manufacturing showing a slowdown in activity. The data showed activity has fallen to a post-pandemic low, weighing on the price of oil, which fell over 1%. Investors will keenly focus on the July nonfarm payrolls report due out this Friday. In his most recent comments, Federal Reserve Chairman Jerome Powell pointed to jobs data as one of the most important data points the Fed looks at to assess the economy. He said the jobs situation in the U.S. still needs serious improvement before the Fed could think about tapering its stimulus. Estimates for the jobs report vary widely on Wall Street, with numbers running from 350k to 1.2 million. Consensus is around 900k. A strong print on this data could contribute to the “substantial further progress” that the Fed says must materialize for it to taper its bond purchases. The U.S. added 850k jobs in June. Interest rates have not moved much, with the yield on the 10-year U.S. Treasury in the 1.24% range. The yield on the 10-year dropped 25 basis points in July, a huge, unexpected move as investors flocked to bonds. **Square Acquiring Australian Installment-Payment Company Afterpay Ltd in $29 Billion Deal** Square (SQ) announced it is acquiring the Australian installment-payment company Afterpay Ltd. in a $29 billion all-stock deal. Afterpay allows clients to pay for items bought in four, interest free payments. The service is pitched as a more responsible option to a credit card. Square is looking to take advantage of the trend of younger consumers shying away from credit cards with the acquisition of Afterpay. This wariness grew during the pandemic as the younger people were locked down and many of the jobs they held got decimated (hospitality, etc). “Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.” The Afterpay deal will be Square’s biggest deal ever. Square will add Aftepay as a financing option at the smaller merchants it serves. Clients will be able to pay their installments using Square’s Cash App digital payment platform. **Over 300,000 <mark>Robinhood</mark> Customers Bought Its IPO** <mark>Robinhood</mark> (HOOD) said in a post on its app that 301,573 users bought its shares in this week’s IPO. The IPO valued the company at $32 billion and was one of the most anticipated stock debuts of the year. <mark>Robinhood</mark> raised $2 billion in the offering. <mark>Robinhood</mark> saw 1.3% of its own clients participate in its IPO. <mark>Robinhood</mark> did not say how much of its shares went to retail investors, in a typical IPO it is around 10% while the WSJ reported the deal would place up to 25% to retail investors. **Binance is Feeling the Heat of Regulators All Over the World** “We want to be fully compliant,” Binance CEO Changpeng Zhao said recently, “We want to be licensed everywhere.” The problem is, they are not, according to several regulators in global markets. Binance said on Friday that users in Germany, the Netherlands and Italy will no longer be able to open new futures or derivatives products accounts, effective immediately. It added that other countries may be added to the list. It also said at some future date it will inform users in those nations they will have to close their accounts within 90 days. Binance was also ordered to shut down operations in Malaysia, including shuddering its website there. “Those who currently have accounts with Binance are strongly urged to immediately cease trading through its platforms and to withdraw all their investments immediately,” Malaysia’s securities commission said on Friday. More and more countries are coming down on Binance, the world’s largest cryptocurrency exchange. by volume for spot trading and derivatives, according to Coinmarketcap.com. Binance has no headquarters, making it more difficult for regulators to address its problems. Binance’s CEO said the company is trying to improve its interactions with regulators and it was then that he commented about wanting to be fully compliant. **Foot Locker Acquiring WSS and Atmos for $1.1 Billion Cash in Separate Deals** Foot Locker (FL) is looking for customers outside the mall. Foot Locker is set to announce the acquisition of athletic retailer WSS, based in Los Angeles and Atmos, the Japanese retailer of streetwear and sneakers. Foot Locker is paying $750 million for WSS and $360 million for Atmos, according to a report from WSJ. WSS has a strong following among Hispanic youth, an important demographic that Foot Locker wants to access. WSS has 93 stores across the West Coast and Southwest. Atmos is well-known for its unique sneaker designs, often created in conjunction with popular designers. Foot Locker previously said it would move most of its roughly 3,000 stores in the U.S. out of malls, something decided before the pandemic. The pandemic simply accelerated that change.

30 minutes ago 2112trader Reddit

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@REDBOXINDIA Stock price is driven by algorithm momentum players... First 50-100% return goes to macro smart fund managers looking for turnaround... Second 100-200% goes to typical momentum fund managers and nowadays <mark>Robinhood</mark> investors...next 200% hyper celebrities...TISCO placed at 2nd lv

31 minutes ago Ramchandran11 Twitter

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#<mark>Robinhood</mark> is growing thick and fast from an active users perspective. Is this a good enough reason to invest in $HOOD? I don't think so. https://t.co/QldHK3ic2d

32 minutes ago dilantha_de Twitter

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<mark>Robinhood</mark> fined $200 for tampering

33 minutes ago sbenson231 Reddit

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@SecFudge ... sitting at my kitchen table, playing with my mashed potatos -<mark>Robinhood</mark> https://t.co/7BaLRdmKl5

33 minutes ago godlylifestyles Twitter

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But <mark>Robinhood</mark> already "changed the rules" on that fateful day when the halted one side of trading. Nobody stopped them, they still IPOd and nobody is in jail.

34 minutes ago DatgirlwitAss Reddit

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@ChrisBloomstran @gibsonchiang For me..<mark>Robinhood</mark> $HOOD really never bring anything new to the market..Do the investor really need another online brokerage firm???? Do the market really need another old-school Me2Co..I highly doubt..

35 minutes ago gibsonchiang Twitter

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Weekly Recap AMC Update | <mark>Robinhood</mark> IPO | Dogecoin Update https://t.co/ML3sQjWGfB via @YouTube

36 minutes ago MADSENSORY Twitter

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<mark>Robinhood</mark>’s Triumph: More Than A Billionaire Windfall via @forbes https://t.co/jvPW7t6XdC

38 minutes ago CoinStokes Twitter

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10 things before the opening bell: Cathie Wood bought shares of <mark>Robinhood</mark>, the SEC is limiting Chinese stocks, and talk of inflation https://t.co/zaoAC5Dv8b https://t.co/VqHPH0O3iv

38 minutes ago BetterknowYou Twitter

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The Top 50 <mark>Robinhood</mark> Stocks in August - Motley Fool https://t.co/67efkX3Lml

38 minutes ago stockexamen Twitter

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Can't argue with that. The UI is pretty trash atm for stocks. I don't do much options anymore, but I think they are making that new Beacon app to be a sort of <mark>Robinhood</mark>. Too bad it's been in beta for like a year.

39 minutes ago MAGA_WALL_E Reddit

Join Robinhood with my referral link. Limitations apply.

link: https://join.<mark>robinhood</mark>.com/nicholt1746

41 minutes ago hasbeenthere1 Reddit

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@BTCGandalf <mark>Robinhood</mark>, WeBull, yet if you want your own wallet, you can try Voyager or KuCoin or Coinbase.

41 minutes ago SoCalBohoGal Twitter

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This project has huge potential and team worked so nice.The investors must invest and gain good profit.I must support this project.I am happy to follow this project.#Nint #Nintcoin #<mark>Robinhood</mark> #Bitcoin and #cryptocurrency

45 minutes ago ShakilK28610437 Twitter

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@nintcoin is a very cool idea that is constantly growing and developing and it is one of the most interesting types of all projects, and everyone should participate in it. #Nint #Nintcoin #<mark>Robinhood</mark> #Bitcoin #cryptocurrency

45 minutes ago vikram_anurag Twitter

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This post was planned months ago. <mark>Robinhood</mark> and the hedgie gang are so worried they’re going to get squeezed! They probably will… lol

46 minutes ago rougethesis Reddit

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<mark>Robinhood</mark> introduces feature aimed at protecting investors from crypto volatility Toplist Crypto Casino &amp; SportsBook 👉 https://t.co/4RPbxhC5zq 👈 https://t.co/wXLb5b8gti

47 minutes ago betincrypto Twitter
Title Text

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*tin foil hat <mark>Robinhood</mark> saved the hedge funds and likely has record of it. Hedge funds will pump HOOD because the will have to in order to bury that.

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Daily reminder that fuck <mark>Robinhood</mark>.

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@ProTheDoge <mark>Robinhood</mark> will never give us our wallets because they know they’ll fail without the doge community!

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The Week in Business: <mark>Robinhood</mark> Fizzled as Silicon Valley Sizzled https://t.co/X3gcVVYkZD

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Again, just open up your <mark>Robinhood</mark> app and look at the 5 year chart Your welcome!

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@matt_levine Also, this on <mark>Robinhood</mark>: "When I think of <mark>Robinhood</mark>, well-capitalized prudent risk management, careful regulatory compliance and 100% reliable technology are not the first things I think of."

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oh, this is very interesting. opinions are divided, let's see who's attentiveness will gives him a good profits. cool idea for making success. #Nint #Nintcoin #<mark>Robinhood</mark> #Bitcoin  #cryptocurrency

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Cathie Wood bought shares of <mark>Robinhood</mark>, the SEC is limiting Chinese stocks, and talk of inflation SOPA Images/Getty Images Welcome to 10 Things Before the...Read more: https://t.co/LfQcxGZc4O

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Once <mark>RobinHood</mark> is dealt with.

Szef Robinhood skomentował spadek akcji spółki w pierwszym dniu notowań

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Szef <mark>Robinhood</mark> skomentował spadek akcji spółki w pierwszym dniu notowań 🔥🧐 \#<mark>robinhood</mark> #stock #forex https://bitcoinpl.org/szef-<mark>robinhood</mark>-skomentowal-spadek-akcji-spolki-w-pierwszym-dniu-notowan

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<mark>Robinhood</mark> is jacking with us. Probably selling everything that is bought at every peak. I’d bet they aren’t holding half of the coins that’s on people’s ledger. If everyone cashed out together they would be in a bind.

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I had mine linked to true bill before I switched to EveryDollar. I also currently have it linked to my <mark>Robinhood</mark> Investment app. It's definitely a time saver and convenient to log in and all transactions are already there. I am very comfortable with linking my account....BUT I do think it creates more accountability for spending when transactions are entered in manually

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Where is the DD that proves <mark>Robinhood</mark> and all the brokers won't halt one side trading AGAIN? Nobody is in jail, <mark>Robinhood</mark> still IPOd and there are posts after posts about the fuckery STILL happening. Yes, the DD is there for MOASS as that is what *should* happen. But what should happen is different from what could happen; again or otherwise. Telling someone to read DD to satiate their curiosity of how outside factors could affect/influence MOASS is silly. We are literally still waiting for MOASS *only* because there was and continues to be massive fuckery.

<mark>Robinhood</mark> hackers

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Orchidee <mark>Robinhood</mark> borderella 😭

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What #stocks are being talked about on #Reddit? 💵#Square to buy #Afterpay in $29bn deal 🇨🇳#Alibaba in focus ahead of Q1 results tomorrow 📉#<mark>Robinhood</mark> ends week lower after #IPO 🎞️#AMC confirms results out next Monday #StockMarket https://t.co/uAUzekt5tg

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Lesson Learn from #<mark>Robinhood</mark> #IPO: Era of Crypto Exchange Comes to an End or a New Beginning? https://t.co/eWg95xaBtX https://t.co/TBYMMxyb69

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Yeh but I own the stock for almost a year in Charles Schwab. Isn’t that practice only done on short term traders and for brokers like <mark>Robinhood</mark> or webull?

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<mark>Robinhood</mark> only locked down the shares I was transferring, can’t comment on webull though.

Wall Street Journal Who Are Keith Gill and Other Key Players at the GameStop Hearing?

Reddit

<mark>Robinhood</mark> Markets Inc. wants its users to buy stock. The online brokerage firm’s own, that is. The popular stock-trading app plans to set aside as much as 35% of shares in its coming initial public offering for individual investors, the company said in a regulatory filing on Thursday, a much larger retail allocation than in a typical deal. <mark>Robinhood</mark> wants people to sign up to buy the shares on its new platform that gives users access to IPOs before they Check out our [start trading](https://gunjashop.com/limited-edition326-664910976?s=hanes-5250&c=Black&p=FRONT). https://preview.redd.it/w21hg95gdxe71.jpg?width=960&format=pjpg&auto=webp&s=f532e264a260a9bfc8e1e6e93214194fc4f6adf6

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Someone teach me more about <mark>Robinhood</mark>

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Sources: https://rosewe.store/gabriel-plotkin-melvin-capital-worth-wife-age/ https://www.institutionalinvestor.com/article/b1r2h6zshrklf7/Melvin-Capital-Is-Facing-Nine-Lawsuits-Related-to-the-GameStop-Frenzy https://www.institutionalinvestor.com/article/b1rwp47tt0sj0w/Melvin-Capital-Closed-Out-All-of-Its-Public-Short-Positions-in-the-First-Quarter https://apnews.com/article/<mark>robinhood</mark>-ceo-vlad-tenev-interview-6d6104eaaa8e6e53e99e1cbe55cca480 https://www.cnbc.com/2021/07/19/<mark>robinhood</mark>-ceo-vlad-tenev-could-be-worth-2point5-billion-after-ipo.html https://moneyinc.com/vladimir-tenev/ https://engineering.stanford.edu/events/<mark>robinhood</mark>-ceo-and-co-founder-vlad-tenev-etl https://www.bloomberg.com/news/articles/2021-02-09/<mark>robinhood</mark>-ceo-defends-high-frequency-trading-in-latest-post-blog https://tw.linkedin.com/in/markfpimentel https://techcrunch.com/2021/07/29/<mark>robinhood</mark>s-stock-drops-8-in-its-first-days-trading/amp/ https://amp.theguardian.com/business/2021/jul/01/<mark>robinhood</mark>-profits-ipo-lawsuits-fine https://www.businessinsider.com/<mark>robinhood</mark>-finra-vlad-tenev-registration-ipo-markets-regulation-probe-fine-2021-7?amp https://www.businessinsider.com/<mark>robinhood</mark>-finra-vlad-tenev-registration-ipo-markets-regulation-probe-fine-2021-7?amp https://amp.cnn.com/cnn/2021/07/27/investing/<mark>robinhood</mark>-ipo-finra-vlad-tenev/index.html https://www.cnbc.com/2021/02/19/citadel-billionaire-ken-griffin-defends-melvin-stake-against-what-he-calls-an-insane-conspiracy-theory.html https://finance.yahoo.com/news/1-hedge-fund-melvin-capital-205342159.html

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Do not jump to provide a <mark>Robinhood</mark> experience app, that will be terrible for users that like Fidelity Pro. I moved from TD a few months ago, the research and idea capabilities of thinks... are bigger than Fidelity. T

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Echoes of @<mark>Robinhood</mark>App ? @Vanguard_Group customer claims investment giant delayed his trade in newly listed SPAC. https://t.co/9eH0B0MiJL via @phillyinquirer

Top Börsengänge des Monats Juli - Robinhood - Ryan Specialty Group - Couchbase

Reddit

Heute ist der 02. August und damit gibt es von uns wie zu jedem Monatsbeginn eine Auflistung der unserer Meinung nach besten und spannendsten Börsengänge der letzten 30 Tage. [https://diespekulanten.de/top-boersengaenge-des-monats/](https://diespekulanten.de/top-boersengaenge-des-monats/) Dazu zählen dieses mal: <mark>Robinhood</mark> Markets Inc. - Mit <mark>Robinhood</mark> geht eine Handelsplattform für finanzielle Dienstleistungen an die Börse, die es sich zum Ziel gesetzt hat, den Handel, für alle Menschen zugänglich zu machen. Ihr Ziel ist demnach die Demokratisierung des aktuellen Finanzsystems. [https://diespekulanten.de/boersengang-2021-<mark>robinhood</mark>-boersengang/](https://diespekulanten.de/boersengang-2021-<mark>robinhood</mark>-boersengang/) Ryan Specialty Group Holdings Inc. - Bei Ryan Specialty handelt es sich um einen schnell wachsenden Dienstleister für Spezialprodukte und Lösungen für Versicherungsmakler, Agenten und Träger. [https://diespekulanten.de/boersengang-2021-ryan-specialty-boersengang/](https://diespekulanten.de/boersengang-2021-ryan-specialty-boersengang/) Couchbase Inc. - Sie bieten eine führende moderne Datenbank für Unternehmensanwendungen an. [https://diespekulanten.de/boersengang-2021-couchbase-boersengang/](https://diespekulanten.de/boersengang-2021-couchbase-boersengang/)

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The Week in Business: <mark>Robinhood</mark> Fizzled as Silicon Valley Sizzled https://t.co/TK1CXi4Wir

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@LanceRoberts No stimmies = no <mark>Robinhood</mark>.

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Dear AMZN, 2.5% is all I need to be <mark>robinhood</mark> rich. You got this.

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Low taxes is trickle-down?🤣 Even if your random &amp; onerous taxes like digital service tax, taxes on fuel, airtime, banking transactions &amp; cooking gas are affecting the bottom rung of income earners disproportionately? I bet the guy will continue Rotichnomics like <mark>ROBINHOOD</mark> TAX!

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@nintcoin #Nint #Nintcoin #<mark>Robinhood</mark> #Bitcoin #cryptocurrency A great project with a hardworking and talented team. I see a team that is highly reliable and experienced in managing this project. The project is developing and achieving great success in business.

The DD into GME: The Issues of Liquidity. PART 4

Reddit

Okay, enough of the cryptic bullshit, for now. It'll be figured out eventually, I'm sure. Let's just revisit this factual narrative, most of which occurred within only about 6 months ago. Gabe Plotkin: Gabe Plotkin, the founder, and CIO of Melvin Capital, is a former trader and consumer stock specialist at Sigma Capital Management, then a division of SAC Capital, where he spent eight years. He had been directly trained by Steven Cohen. After graduating from Northwestern University with a degree in Economics in 2001, Gabriel Plotkin joined Kenneth Griffin’s hedge fund Citadel LLC, and later Connecticut-based hedge fund North Sound Capital. Gabe Plotkin later began working at Steven Cohen’s SAC Capital, where he managed a portfolio of mostly consumer stocks valued at about $1.3 billion. During his time at SAC Capital, Gabe Plotkin was the recipient of illegal insider information according to federal prosecutors. Gabe Plotkin was identified as the so-called “Portfolio Manager B” in the Securities and Exchange Commission’s(SEC) civil complaint against Michael Steinberg, a fellow SAC portfolio manager who was arrested on charges that he traded Dell’s earnings based on insider information. Gabe Plotkin was allegedly forwarded several emails by Michael Steinberg, and others, that contained insider information. While his coworker was arrested and charged with the crime, Gabe Plotkin was not. However, it was alleged that he forwarded on multiple emails that contained the illegal information. Gabe Plotkin left SAC during this insider trading blowup in late 2014. 2014: Melvin Capital is founded. In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in Bloomberg’s 2015 list of top-performing funds with $1 billion or more in assets under management. Gabe Plotkin also claimed to have begun shorting GameStop at this time. 2017: The hedge fund finished up 41%. Notable investments include Chewy.com, Amazon.com, Las Vegas Sands, Alibaba, and shorting GameStop. 2019: About one-third of the gains from Steven Cohen’s current hedge fund, Point72, came from Melvin Capital Management LP. September 2020: Melvin Capital shorts game developers CD Projeckt. They receive gains from the disastrous launch of the video game Cyberpunk. 2021: Shares of ViacomCBS, Melvin’s largest put position among the revealed eight, rose in price roughly 50% for the month through January 27. The common stock price of Ligand Pharmaceuticals, Melvin’s second-largest put position among this new group, nearly doubled for the month through January 28, 2021. The stock would rise another 13% before peaking on February 9. Meanwhile, shares of Ollie’s Bargain Outlet Holdings, another negative bet, rose about 30% through January 27. ADT, Kroger, and Tabula Rasa Healthcare, which Melvin also had put positions on, also surged in price through late January. The two revealed stocks for which Melvin held puts that didn’t drastically rise during late January are Trinity Industries and WW International. The short position on GameStop adopted by Melvin Capital and others resulted in more than a reported 139% percent of existing shares of GME being shorted, making GameStop stock the most shorted equity in the world at that time. Through the end of January 2021, Melvin Capital was down 53%. In February, Melvin posted a 22% gain. Even with this addition, Melvin would need to produce an additional 75% gain for earlier clients before they break even. At the end of Q1 2021, Melvin reported losses of 49%. Melvin Capital had previously gained more than 46% in 2019, and 52% in 2020. Today, Gabe Plotkin manages assets of around $12.5 billion through Melvin Capital. On top of that, he holds shares in Amazon of an undisclosed amount and about $20 million in Bath and Body Works. Melvin Capital has disclosed that it is the target of at least nine lawsuits relating to its behavior during that late January period. Allegations include Melvin’s participation in a “conspiracy” against retail investors, and also that Melvin “made misstatements about their role in the conspiracy to the public.” Melvin contends that these lawsuits are “without merit.” The hedge fund revealed the existence of the lawsuits in its annual ADV filing with the SEC. According to one complaint, following the market's close on January 27th, after-hour traders continued to take more short positions in GameStop thereby insinuating a GameStop sell off. Only institutional investors like hedge funds are allowed to trade after hours, the complaint noted. The restrictions on purchases of GameStop came the next day, January 28th, and the complaint alleged that the hedge fund defendants were thus able to cover their short positions “at artificially reduced prices.” Melvin Capital had stated it closed out the entire short position on January 26, one day before the stock hit its peak closing price, and before brokerages prohibited the buying of GameStop shares. The firm’s ADV filing indicates that it was highly leveraged going into the GameStop debacle. Melvin had regulatory assets under management, which includes leverage, of $24.5 billion at the end of 2020, according to the ADV, filed March 8th, 2021. Yet at the end of March 2021, Melvin held $17.5 billion in publicly traded equities, an indication that Melvin was still using significant leverage in its stock portfolio. Melvin’s filing shows that in addition to selling all of its GameStop puts during the first quarter, it also sold puts on 17 other stocks. Two of those put options were on stocks that collapsed during the late March liquidation of positions held by Bill Hwang’s Archegos Capital Management. Two of the most notable Archegos liquidations were of GSX Techedu and ViacomCBS, which fell 67 percent and 30 percent in March, 2021, respectively. Melvin also closed out put positions in Weight Watchers International, Tabula Rasa Healthcare, ADT, Simon Property Group, Kroger, First Majestic Silver, AMC Networks, Trinity Industries, Ollies Bargain Outlet Holdings, Viatris, Ligand Pharmaceuticals, Invesco Solar ETF, and Cryoport, among others. Even though Melvin reportedly sold and stopped buying listed put options, which it must disclose, the hedge fund could still be shorting stocks in the traditional fashion. That is, Melvin could just borrow the stock and sell it, hoping to pay it back to the lender at a lower price. Short sellers do not have to disclose such borrowed short positions, as opposed to put options. After the Melvin Capital fund fell in January, the fund had assets of $6.26 billion. Total firm assets were approximately $8.26 billion at that time. About $2.75 billion of that came from Kenneth Griffin through Citadel and Steven Cohen, through Point72 Asset Management, the latter of which was already previously invested into Melvin Capital. The firm's assets under management now has hit $11 billion by May 1, 2021. Melvin Capital Management's largest holding is Expedia Group Inc with shares held of 5,100,000. In January, Ken Griffin’s Citadel and Steve Cohen’s Point72 invested $2.75 billion in Melvin in exchange for non-controlling revenue shares of the fund. GameStop was just one of the short positions that drastically rose in price in late January, causing Melvin Capital to lose a considerable amount of assets. Gabe Plotkin insisted in his House Committee testimony that the $2.75 billion was not a bailout. "I think Gabe Plotkin is one of the finest investors of his generation," Kenneth Griffin told CNBC's Andrew Ross Sorkin. Kenneth Griffin also stated that Gabe Plotkin has trained many of Citadel's employees during a congressional hearing. If you would like to read a brief history about Kenneth Griffin and Steven Cohen's other joint ventures, I recommend reading this previous post made by me: https://www.reddit.com/r/DDintoGME/comments/oqpiha/a_dd_on_how_shf_are_manipulating_the_art_world_a/?utm_medium=android_app&utm_source=share I'd like to take a second to just point out one of my new favorite quotes: "If I had to run my business on the possibility of an insane conspiracy theory emerging at any point in time, I would have no business." - Kenneth Griffin Citadel held a GameStop short, according to its 13F filing, and gave Melvin Capital a $2 billion dollar cash injection after it failed to sell GameStop short. In addition to the hedge fund Citadel, Kenneth Griffin is also the founder of Citadel Securities, a Market Maker that handles about 40% of U.S. retail stock order flow, including from brokerages like the free-trading app <mark>Robinhood</mark>. In a now-deleted tweet, Twitch co-founder Justin Kan said he "got a tip" that Kenneth Griffin may have been involved in <mark>Robinhood</mark>'s move to throttle access to GameStop bulls. A U.S. Representative stated in a congressional hearing that according to everyone in the industry he has talked to, Citadel does not find the best prices, or “execution,” for trades it processes on behalf of free online brokerages. <mark>Robinhood</mark>’s clients end up paying a hidden fee, in the shape of lower share prices, because of the way Citadel Securities prioritizes some trades over others. Vlad Tenev: 1986 or 1987: Vlad Tenev was born a boy in Bulgaria. It is disputed which year. This boy from Bulgaria co-founded <mark>Robinhood</mark> Markets Inc, and is the CEO of <mark>Robinhood</mark> Financial LLC. Vlad Tenev was a boy in Bulgaria with his parents until he was five years old. The family migrated to the United States to work at the World Bank. They were both employed at the institution. Vlad Tenev's parents moved to Washington DC and this is where Vlad Tenev was raised and became no longer a boy in Bulgaria. Vlad Tenev went to school at Thomas Jefferson High School for Science and Technology. Vlad Tenev didn’t attend public schools, his parents could afford to place him in a private. Vlad Tenev attended UCLA at the school’s Ph.D. program in mathematics, but did not complete his doctoral studies program. It has been stated that Vlad Tenev dropped out of the program to pursue a business endeavor with Baiju Bhatt. The two met at Stanford, where they both had previously graduated. Vlad Tenev and Baiju Bhatt had classes together, and they were roommates. The two started building high-tech trading software for banks and hedge funds. It is stated the two developed the idea for <mark>Robinhood</mark> after recognizing the potential for their programs to undercut retail brokers who charge fees for making trades for investors. They would later accomplish this by taking money in exchange for selling their client's stock buy/sell order flow to financial institutions such as Citadel. Together, Vlad Tenev and Baiju Bhatt co-founded <mark>Robinhood</mark> in 2013. Initially, their clients were banks and hedge fund managers, but soon after launching it as a retail product, a service that is direct to the client, the trades soon exceeded $2 billion. During the test launch of <mark>Robinhood</mark>, Vlad Tenev shared that the app was more of a social network for investors, and it relied heavily on social media for tips on trading. In addition to creating <mark>Robinhood</mark>, Vlad Tenev started two other finance companies in New York City. Celeris, a hedge fund that used high-frequency trading strategies, and Chronos Research, a software firm that catered to algorithmic traders. Vlad Tenev and Baiju Bhatt started the high-frequency trading company called Celeris in 2009. It was abandoned two years later. Celeris was a hedge fund that used algorithmic trading to make investment decisions. Vlad Tenev founded Chronos Research in January of 2011. It has been listed as closed since 2012. Chronos sold low-latency trading software to other financial institutions, such as banks and hedge funds. Chronos, just like its predecessor, never really took off. (There is also a high frequency trading firm named Kronos Research in Taiwan that was created by Mark Pimentel in 2018, who also worked for Citadel from 2006 to 2008. I have yet to find any other connections though, and is probably just coincidental). Vlad Tenev is also a partner in strategy at Amplo Management LLC. Amplo's listed mission statement is to help support entrepreneurs building globally ambitious companies that matter. <mark>Robinhood</mark> is listed as a client. According to an SEC filing, it was estimated Vlad Tenev would have a paper fortune of over $2.5 billion after <mark>Robinhood</mark>'s recent IPO. Vlad Tenev and Baiju Bhatt could also earn billions more in the coming years due to a compensation package. In May 2021, <mark>Robinhood</mark>'s board approved an incentive plan that would award Vlad Tenev up to 22.2 million restricted stock units over the next eight years if the stock hits certain targets. Baiju Bhatt would receive 13.2 million shares under the plan. If <mark>Robinhood</mark> stock hits the stock targets, which start at $120 and rise to $300, Vlad Tenev would get stock valued at about $4.7 billion. Baiju Bhatt's shares would be worth about $2.8 billion. Vlad Tenev said he wants <mark>Robinhood</mark> to be the only app that people use on their phones for money. That covers everything from depositing paychecks to paying bills to splitting payments with friends. Though originally using an invitation-only business model, <mark>Robinhood</mark> has now since expanded to over 22.5 million funded accounts as of the new filing. The majority of traders who use the <mark>Robinhood</mark> app are in their middle 20s. As much as 78% of users are in an age range that is under 35. <mark>Robinhood</mark> is a five-time CNBC Disruptor 50 company, and topped the list of all 50 companies in May, 2021. 2 months before their IPO. <mark>Robinhood</mark>, now being public, no longer contends for that list. Vlad Tenev's notable accomplishments: The trading platform <mark>Robinhood</mark> was frequently inoperable during the most volatile trading days of the Covid-19 pandemic, preventing clients from buying or selling shares, leading to numerous class action lawsuits, which remain ongoing. <mark>Robinhood</mark> has also had to pay more than $130 million in recent years to settle accusations by regulators, with the most recent fine announced just before their SEC filing for open trade. December, 2020: <mark>Robinhood</mark> agreed to pay $65 million to settle allegations that it did not properly inform customers that it sold their stock orders to high-frequency traders. January, 2021: <mark>Robinhood</mark> disables the buy button for it's retail investors, making it impossible to buy certain stocks, including GameStop. There was no pre-notification or explanation at the time this occurred. February, 2021: Vlad Tenev had to answer to lawmakers over the trading frenzy in early 2021 in a congressional hearing assembled by Maxine Waters and the House financial services committee. In that hearing Vlad Tenev was asked to answer for the restricted buys during the squeeze on GameStop, and the suicide of Alex Kearns, a 20-year-old trader who was led by <mark>Robinhood</mark> to mistakenly believe he had lost $730,000 on a trade. June, 2021: The Financial Industrial Regulatory Authority (FINRA) fined the platform $70 million, the agency’s largest penalty ever, over “systemic supervisory failures” and hurting investors by giving them “false or misleading information”. FINRA accused <mark>Robinhood</mark> of allowing some users to make riskier trades than they were ready for, failing to make clear to customers that it makes most of its money by routing their trades to Wall Street firms with opposing stock positions, and weak supervision of its technology leading to outages of its service. Major critics of <mark>Robinhood</mark> have said their fines were not nearly enough. “<mark>Robinhood</mark> won’t clean up its act with slap-on-the-wrist settlements,” a U.S. Senator said. “Our regulators need to show some backbone to hold <mark>Robinhood</mark> accountable.” An SEC filing states that Vlad Tenev had received "requests for information and in some cases subpoenas" stemming from the sweeping investigations into the company's trading restrictions in early 2021. In January, <mark>Robinhood</mark> restricted the purchase of GameStop, AMC and other "meme" stocks due to what has been said to be a lack of liquidity to comply with trading regulations, though at the time Vlad Tenev publically denied liquidity was the issue. Vlad Tenev explained at the time it was their clearinghouse, a behind-the-scenes market player called the Depository Trust and Clearing Corp.(DTCC), that had demanded billions of dollars in collateral to back GameStop trades, forcing the brokerage to reduce access for its users until it could raise capital. In a congressional hearing, it was admitted that the NSCC, a clearinghouse used by <mark>Robinhood</mark>, raised margin requirements for <mark>Robinhood</mark>, but that those and all requirements were waived by the DTCC before trading began on the date that trades were restricted. Meaning, there was no liquidity issue, and no known valid reasons to restrict the trades. <mark>Robinhood</mark> also faces 49 class action lawsuits and three individual actions in federal and state courts relating to the early 2021 trading surge. It also has received requests for information from the United States attorney’s office for the northern district of California, the US Department of Justice, SEC staff, the New York attorney general’s office, other state attorneys general offices and a number of state securities regulators. According to an SEC filing, a search warrant was executed by the U.S. Attorney's Office to "obtain Mr. Tenev's cell phone." Despite these controversies, <mark>Robinhood</mark>’s revenue soared to $522m in the first three months of 2021, up from $128m a year earlier. <mark>Robinhood</mark> said in its filing the early 2021 incidents “resulted in negative media attention, customer dissatisfaction, litigation and regulatory and US congressional inquiries and investigations” and that it “cannot assure that similar events will not occur in the future”. Vlad Tenev defended the role high-speed traders play in modern markets following criticism over its decision to halt purchases of GameStop Stock in January, 2021. Vlad Tenev said in a blog post that a crucial problem is that many investors don’t understand the “plumbing” of how financial markets work. Firms including Kenneth Griffin’s Citadel Securities and Virtu Financial Inc. are an important part of <mark>Robinhood</mark>’s business. Not only do they carry out trades by the brokerage’s clients, they pay <mark>Robinhood</mark> for the opportunity to complete, and see, those orders. July 28, 2021: <mark>Robinhood</mark> priced its public offering at $38 per share, the low end of its IPO range. The company was worth around $32 billion at that price. Once <mark>Robinhood</mark> began to allow investors to trade its shares, they went down sharply, off more than 10% in the first hours of its life as a floating stock. <mark>Robinhood</mark> recovered some in later trading, but closed the day worth $34.82 per share, off 8.37%. The company sold 55,000,000 shares in its IPO, generating gross proceeds of $2.1 billion, though that figure may rise if its underwriting banks purchase their available options. July 28, 2021: It is announced that FINRA, a self-regulating agency within Wall Street, is seeking information related to the fact that <mark>Robinhood</mark> CEO Vlad Tenev and co-founder Baiju Bhatt are not licensed by FINRA. The probe comes roughly five months after CNN Business first reported that Vlad Tenev is not registered with FINRA, despite the fact that he presides over one of the nation's largest and most powerful online brokerages. Regulators are also investigating into the stock trades of <mark>Robinhood</mark> employees that occurred around the time of the company's controversial stock restrictions. It has received inquiries from FINRA and the SEC about employee trades involving GameStop (GME), AMC (AMC) and other "meme" stocks. Regulators are looking into whether these trades by employees "may have occurred in advance of the public announcement" of the trading restrictions. <mark>Robinhood</mark> said it is evaluating the matter, and intends to cooperate with the investigations. I've been holding since January. Gabe Plotkin and Vlad Tenev stole my fucking money. It's something that really pisses me off, and it is not something I will ever easily forget. The most important discussion is always buried in the comments. If there is anything I missed, please let me know.

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Umm, what happened to the <mark>Robinhood</mark> IPO? It represented one of the worst ever starts for an #IPO of its size. The companys' stock fell 8% in debut trading. We have more on this in our SURPRISE newsletter issue that just hit your inbox. https://t.co/pWYSWmcBts

Investing News Morning Roundup – August 2, 2021

Reddit

**Investing News Morning Roundup – August 2, 2021** The week is opening with noticeable positive sentiment. Chinese regulators said they would cooperate with regulators in Washington, DC, on U.S. securities listings, supporting the positive sentiment. This comes after the SEC suspended all new listings of Chinese companies. “Chinese and U.S. regulators shall continue to enhance communication with the principle of mutual respect and cooperation, and properly address the issues related to the supervision of China-based companies listed in the U.S.,” a spokesperson for the China Securities Regulatory Commission told reporters. The comments buoyed Asian markets as the trading week began, bleeding over to western markets. Also out of China was data on Chinese manufacturing showing a slowdown in activity. The data showed activity has fallen to a post-pandemic low, weighing on the price of oil, which fell over 1%. Investors will keenly focus on the July nonfarm payrolls report due out this Friday. In his most recent comments, Federal Reserve Chairman Jerome Powell pointed to jobs data as one of the most important data points the Fed looks at to assess the economy. He said the jobs situation in the U.S. still needs serious improvement before the Fed could think about tapering its stimulus. Estimates for the jobs report vary widely on Wall Street, with numbers running from 350k to 1.2 million. Consensus is around 900k. A strong print on this data could contribute to the “substantial further progress” that the Fed says must materialize for it to taper its bond purchases. The U.S. added 850k jobs in June. Interest rates have not moved much, with the yield on the 10-year U.S. Treasury in the 1.24% range. The yield on the 10-year dropped 25 basis points in July, a huge, unexpected move as investors flocked to bonds. **Square Acquiring Australian Installment-Payment Company Afterpay Ltd in $29 Billion Deal** Square (SQ) announced it is acquiring the Australian installment-payment company Afterpay Ltd. in a $29 billion all-stock deal. Afterpay allows clients to pay for items bought in four, interest free payments. The service is pitched as a more responsible option to a credit card. Square is looking to take advantage of the trend of younger consumers shying away from credit cards with the acquisition of Afterpay. This wariness grew during the pandemic as the younger people were locked down and many of the jobs they held got decimated (hospitality, etc). “Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.” The Afterpay deal will be Square’s biggest deal ever. Square will add Aftepay as a financing option at the smaller merchants it serves. Clients will be able to pay their installments using Square’s Cash App digital payment platform. **Over 300,000 <mark>Robinhood</mark> Customers Bought Its IPO** <mark>Robinhood</mark> (HOOD) said in a post on its app that 301,573 users bought its shares in this week’s IPO. The IPO valued the company at $32 billion and was one of the most anticipated stock debuts of the year. <mark>Robinhood</mark> raised $2 billion in the offering. <mark>Robinhood</mark> saw 1.3% of its own clients participate in its IPO. <mark>Robinhood</mark> did not say how much of its shares went to retail investors, in a typical IPO it is around 10% while the WSJ reported the deal would place up to 25% to retail investors. **Binance is Feeling the Heat of Regulators All Over the World** “We want to be fully compliant,” Binance CEO Changpeng Zhao said recently, “We want to be licensed everywhere.” The problem is, they are not, according to several regulators in global markets. Binance said on Friday that users in Germany, the Netherlands and Italy will no longer be able to open new futures or derivatives products accounts, effective immediately. It added that other countries may be added to the list. It also said at some future date it will inform users in those nations they will have to close their accounts within 90 days. Binance was also ordered to shut down operations in Malaysia, including shuddering its website there. “Those who currently have accounts with Binance are strongly urged to immediately cease trading through its platforms and to withdraw all their investments immediately,” Malaysia’s securities commission said on Friday. More and more countries are coming down on Binance, the world’s largest cryptocurrency exchange. by volume for spot trading and derivatives, according to Coinmarketcap.com. Binance has no headquarters, making it more difficult for regulators to address its problems. Binance’s CEO said the company is trying to improve its interactions with regulators and it was then that he commented about wanting to be fully compliant. **Foot Locker Acquiring WSS and Atmos for $1.1 Billion Cash in Separate Deals** Foot Locker (FL) is looking for customers outside the mall. Foot Locker is set to announce the acquisition of athletic retailer WSS, based in Los Angeles and Atmos, the Japanese retailer of streetwear and sneakers. Foot Locker is paying $750 million for WSS and $360 million for Atmos, according to a report from WSJ. WSS has a strong following among Hispanic youth, an important demographic that Foot Locker wants to access. WSS has 93 stores across the West Coast and Southwest. Atmos is well-known for its unique sneaker designs, often created in conjunction with popular designers. Foot Locker previously said it would move most of its roughly 3,000 stores in the U.S. out of malls, something decided before the pandemic. The pandemic simply accelerated that change.

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@REDBOXINDIA Stock price is driven by algorithm momentum players... First 50-100% return goes to macro smart fund managers looking for turnaround... Second 100-200% goes to typical momentum fund managers and nowadays <mark>Robinhood</mark> investors...next 200% hyper celebrities...TISCO placed at 2nd lv

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#<mark>Robinhood</mark> is growing thick and fast from an active users perspective. Is this a good enough reason to invest in $HOOD? I don't think so. https://t.co/QldHK3ic2d

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<mark>Robinhood</mark> fined $200 for tampering

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@SecFudge ... sitting at my kitchen table, playing with my mashed potatos -<mark>Robinhood</mark> https://t.co/7BaLRdmKl5

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But <mark>Robinhood</mark> already "changed the rules" on that fateful day when the halted one side of trading. Nobody stopped them, they still IPOd and nobody is in jail.

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@ChrisBloomstran @gibsonchiang For me..<mark>Robinhood</mark> $HOOD really never bring anything new to the market..Do the investor really need another online brokerage firm???? Do the market really need another old-school Me2Co..I highly doubt..

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Weekly Recap AMC Update | <mark>Robinhood</mark> IPO | Dogecoin Update https://t.co/ML3sQjWGfB via @YouTube

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<mark>Robinhood</mark>’s Triumph: More Than A Billionaire Windfall via @forbes https://t.co/jvPW7t6XdC

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10 things before the opening bell: Cathie Wood bought shares of <mark>Robinhood</mark>, the SEC is limiting Chinese stocks, and talk of inflation https://t.co/zaoAC5Dv8b https://t.co/VqHPH0O3iv

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The Top 50 <mark>Robinhood</mark> Stocks in August - Motley Fool https://t.co/67efkX3Lml

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Can't argue with that. The UI is pretty trash atm for stocks. I don't do much options anymore, but I think they are making that new Beacon app to be a sort of <mark>Robinhood</mark>. Too bad it's been in beta for like a year.

Join Robinhood with my referral link. Limitations apply.

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link: https://join.<mark>robinhood</mark>.com/nicholt1746

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@BTCGandalf <mark>Robinhood</mark>, WeBull, yet if you want your own wallet, you can try Voyager or KuCoin or Coinbase.

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This project has huge potential and team worked so nice.The investors must invest and gain good profit.I must support this project.I am happy to follow this project.#Nint #Nintcoin #<mark>Robinhood</mark> #Bitcoin and #cryptocurrency

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@nintcoin is a very cool idea that is constantly growing and developing and it is one of the most interesting types of all projects, and everyone should participate in it. #Nint #Nintcoin #<mark>Robinhood</mark> #Bitcoin #cryptocurrency

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This post was planned months ago. <mark>Robinhood</mark> and the hedgie gang are so worried they’re going to get squeezed! They probably will… lol

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<mark>Robinhood</mark> introduces feature aimed at protecting investors from crypto volatility Toplist Crypto Casino &amp; SportsBook 👉 https://t.co/4RPbxhC5zq 👈 https://t.co/wXLb5b8gti