Robinhood shares climb after trading app completes Bitstamp deal: CNBC Crypto World
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3 hours ago
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Robinhood Markets, Inc. (HOOD): 'The Numbers Are Extraordinary,' Says Jim Cramer
We recently published . Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer recently discussed. Digital exchange Robinhood Markets, Inc. (NASDAQ:HOOD) is one of Cramer's favorite stocks. He believes that the firm enjoys a significant advantage over traditional brokers and has a strong platform that has facilitated the transfer of wealth between the older and younger generations. Robinhood Markets, Inc. (NASDAQ:HOOD)'s shares have gained 189% year-to-date as investors continue to be enthused about its competitive advantage and market share. Here are Cramer's latest comments about the firm: 'And you know that from Robinhood, the numbers are extraordinary. A lot of the brokers I think are sitting back, they don't want to admit it on air and say, oh my god, Robinhood is crushing us. 'Uh, I do think that, Vlad Tenev has got the brokers of the future. And I think that the other guys have to catch up.' Cryptocurrency Ethereum – Mobile device neo-broker smart stock trading app Previously, the CNBC TV host discussed Robinhood Markets, Inc. (NASDAQ:HOOD)'s platform: 'Do I have to describe Robinhood to you? It's an app. No, it's a bank. No, it's a repository of wealth of the millennials, whatever you want to call it. Robinhood has 25 million accounts, and it offers ETFs, options, gold, and crypto. It came out of nowhere. This company was worth $11 billion two years ago. Now it's $88 billion. Again, incredibly profitable. Out of nowhere, it seems to have captured young people who would otherwise not bother to invest. You know what I say? Hallelujah.' While we acknowledge the potential of HOOD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
Robinhood Markets, Inc. (HOOD): 'The Numbers Are Extraordinary,' Says Jim Cramer
We recently published . Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer recently discussed. Digital exchange Robinhood Markets, Inc. (NASDAQ:HOOD) is one of Cramer's favorite stocks. He believes that the firm enjoys a significant advantage over traditional brokers and has a strong platform that has facilitated the transfer of wealth between the older and younger generations. Robinhood Markets, Inc. (NASDAQ:HOOD)'s shares have gained 189% year-to-date as investors continue to be enthused about its competitive advantage and market share. Here are Cramer's latest comments about the firm: 'And you know that from Robinhood, the numbers are extraordinary. A lot of the brokers I think are sitting back, they don't want to admit it on air and say, oh my god, Robinhood is crushing us. 'Uh, I do think that, Vlad Tenev has got the brokers of the future. And I think that the other guys have to catch up.' Cryptocurrency Ethereum – Mobile device neo-broker smart stock trading app Previously, the CNBC TV host discussed Robinhood Markets, Inc. (NASDAQ:HOOD)'s platform: 'Do I have to describe Robinhood to you? It's an app. No, it's a bank. No, it's a repository of wealth of the millennials, whatever you want to call it. Robinhood has 25 million accounts, and it offers ETFs, options, gold, and crypto. It came out of nowhere. This company was worth $11 billion two years ago. Now it's $88 billion. Again, incredibly profitable. Out of nowhere, it seems to have captured young people who would otherwise not bother to invest. You know what I say? Hallelujah.' While we acknowledge the potential of HOOD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
a day ago
- Yahoo
Robinhood CEO Vlad Tenev Builds Apocalypse Squad — 150 Top Performers Picked To Rebuild Company If Disaster Strikes
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev has established an exclusive founders club comprising the company's 150 best-performing employees across all levels, designed to serve as a strategic rebuild team in catastrophic scenarios. Elite Performance Community Speaking on the 'Cheeky Pint' podcast published on Wednesday, Tenev revealed the secretive group's purpose. 'If there was a disaster or some kind of apocalyptic scenario, and we had to rebuild Robinhood with 150 people, you would be in that group,' he told inductees. The community initially focused on compensation for top performers but evolved into an 'actual community' that provides strategic input. Tenev conducts regular strategy sessions, city-based events, and dinners with members. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Cross-Level Impact Focus Unlike traditional executive circles, the founders club spans organizational levels. 'I didn't want the group to become 150 people at the top of the org chart,' Tenev said, emphasizing inclusion of high-impact contributors regardless of position. The trading platform, which went public in 2021, employs 2,300 full-time staff as of December. Tenev confirmed the company 'very much' concentrates promotions within top performers and rewards exceptional employees well. Strong Platform Metrics Drive Growth Recent July metrics underscore Robinhood's momentum. Total platform assets reached $298 billion, up 106% year-over-year. Funded customers hit 26.7 million, adding 160,000 from June. Crypto trading volumes surged 217% annually to $16.8 billion, while equity volumes doubled year-over-year to $209.1 billion. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: Ink Drop / Shutterstock This article Robinhood CEO Vlad Tenev Builds Apocalypse Squad — 150 Top Performers Picked To Rebuild Company If Disaster Strikes originally appeared on
