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Robinhood plans to launch a startups fund open to all retail investors

Robinhood announced Monday it has filed an application with the U.S. Securities and Exchange Commission to launch a new publicly traded fund that will hold shares of startups. The idea behind the “Robinhood Ventures Fund I” is to allow every retail investor access to make money on the hottest startups before they go public. While the current version of the application is public, Robinhood hasn’t filled in the fine-print yet. This means we don’t know how many shares it plans to sell, nor other

Robinhood Is Building a Social Network for Following Market Movers’ Trades

Social media has an unprecedented sway over stock prices. Financial influencers give stock advice on YouTube and TikTok. Trading communities on X and Reddit resurrect financially undesirable stocks from their ashes just for the sake of memes. It’s undeniable that a growing subset of investors are adamant on using platforms like X, Reddit, YouTube, and TikTok to make their financial decisions. The X-based finance community even has a name for themselves: FinTwit. Popular online brokerage Robinh

Robinhood embraces copy trading after warning competitors about regulatory risks

What a difference a changing regulatory environment makes. Roughly nine months after suggesting that a young copy trading platform could only operate because it flew “under the radar” of regulators, Robinhood has announced its own entry into the space with “Robinhood Social,” a new feature that will allow users to follow and manually replicate the trades of prominent investors. The move represents a striking about-face for the online brokerage, which has historically been cautious about featur

AppLovin and Robinhood added to S&P 500

Shares of advertising technology company AppLovin and stock trading app Robinhood Markets each jumped about 7% in extended trading on Friday after S&P Global said the two will join the S&P 500 index. The changes will go into effect before the beginning of trading on Sept. 22, S&P Global announced in a statement. AppLovin will replace MarketAxess Holdings , while Robinhood will take the place of Caesars Entertainment . In March, short-seller Fuzzy Panda Research advised the committee for the la

Robinhood Tries to Rebrand Sports Betting as Investing

Robinhood has gotten a reputation as a platform where people make wildly speculative investments without sufficient guardrails. So it’s only right that it’s getting into the sports betting business. The company announced on Tuesday that it is launching “prediction markets” for college and professional football as part of a partnership with Kalshi. According to the company, it’ll start listing “contracts” for NFL and NCAA games in the coming days, with plans to make each matchup open for two wee

Robinhood's 175% rally this year is best among U.S. tech stocks

As Robinhood investors await second-quarter earnings, expectations are sky-high. The online broker, known for popularizing stock and crypto trading with young investors, has seen its shares surge 177% this year, outpacing all other U.S. tech companies valued at $5 or more, excluding those that went public in 2025. The next best performer is Palantir , up 107%. Robinhood's pop this year follows a 192% rally in 2024. The company's market cap now sits at $91 billion, putting it slightly behind Co

Cryptocurrency exchanges begin offering tokenized securities

As cryptocurrencies become more intertwined with the traditional financial system, industry heavyweights are racing for a long-sought goal of turning real-world assets into digital tokens. “Tokenization is going to open the door to a massive trading revolution,” said Vlad Tenev, the CEO of the trading platform Robinhood at a recent James Bond-themed tokenization launch event in the south of France. Advocates say tokenization is the next leap forward in crypto and can help break down walls that

Robinhood is up 160% this year, but several obstacles are ahead

Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks. Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower. The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry. For fintech firms that rely on thin margins to

Robinhood CEO downplays OpenAI concerns on tokenized stock structure

Robinhood CEO Vlad Tenev says it's not "entirely relevant" that the trading platform's so-called tokenized shares of OpenAI and SpaceX aren't technically equity in the companies. It comes after OpenAI raised concerns about the product, which is designed to give users in the European Union exposure to various U.S. stocks — including private companies, which are less liquid than publicly listed firms. OpenAI last week warned that Robinhood's stock tokens do not represent equity in the company an

Robinhood stock tokens face scrutiny in the European Union after OpenAI warning

Lithuania's central bank on Monday said it has contacted Robinhood seeking clarifications over its tokenized equities after OpenAI raised concerns over the product last week. "We have contacted Robinhood and are awaiting clarifications regarding the structure of OpenAI and SpaceX stock tokens as well as the related consumer communication," Bank of Lithuania spokesman Giedrius Šniukas told CNBC via email. "Only after receiving and evaluating this information will we be able to assess the legali

Robinhood Wants to Redo Wall Street on the Blockchain

Robinhood, the company behind one of the most popular trading apps for everyday investors, just revealed a sweeping new vision for the future of finance. And its bold plan seems to leave traditional Wall Street institutions behind. The company announced a daring set of new products this week from Cannes, France. These offerings are designed to move traditional financial assets, like company stocks, investment funds (ETFs), and even complex trading tools called derivatives, entirely onto the blo

OpenAI Warns You Not to Buy Its Fake Stock

OpenAI has a message for anyone who thinks they’re about to cash in on the AI boom by buying a new “OpenAI token” on Robinhood: Don’t. But in a chaotic turn, Elon Musk just suggested that even the company’s real equity might be an illusion. The maker of ChatGPT, in a rare public warning posted on X (formerly Twitter), disavowed any involvement with crypto-like financial products claiming to offer a piece of its business. “These ‘OpenAI tokens’ are not OpenAI equity,” the company wrote. “We did

Owning a Piece of ChatGPT Was Already Messy. Then Elon Musk Made It Weirder

OpenAI has a message for anyone who thinks they’re about to cash in on the AI boom by buying a new “OpenAI token” on Robinhood: Don’t. But in a chaotic turn, Elon Musk just suggested that even the company’s real equity might be an illusion. The maker of ChatGPT, in a rare public warning posted on X (formerly Twitter), disavowed any involvement with crypto-like financial products claiming to offer a piece of its business. “These ‘OpenAI tokens’ are not OpenAI equity,” the company wrote. “We did

OpenAI disavows online broker Robinhood's sale of 'OpenAI tokens'

'We did not partner with Robinhood, were not involved in this and do not endorse it.' OpenAI has condemned online brokerage firm Robinhood's sale of "OpenAI tokens," saying they will not give consumers stock in the company. "We did not partner with Robinhood, were not involved in this, and do not endorse it," the company said in a post on X, adding that the tokens are not equity and that it did not give approval for any transfer. The statement addresses a recent move by Robinhood to provide Eu

OpenAI condemns Robinhood’s ‘OpenAI tokens’

OpenAI wants to make clear that Robinhood’s sale of “OpenAI tokens” will not give everyday consumers equity — or stock — in OpenAI, the company said in a post from its official newsroom account on X. OpenAI says it does not endorse Robinhood’s effort, nor was it involved in facilitating the token sale. “These ‘OpenAI tokens’ are not OpenAI equity,” said OpenAI’s newsroom account. “We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity

Robinhood stock hits $100 as it roars 30% since S&P 500 snub

CANNES — Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and renewed investor confidence. Shares closed up 6.12% Wednesday at $97.98. Shares are now tracking their best performance since April, up more than 30% since the trading app was snubbed from the S&P 500. The milestone follows a major strategic swing in Europe, where Robinhood unveiled its most ambitious crypto expansion to date — one aimed at re-engineering the financial infrastructure i

OpenAI says Robinhood's tokens aren't equity in the company

OpenAI is distancing itself from Robinhood 's latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe. "These 'OpenAI tokens' are not OpenAI equity," OpenAI wrote on X. "We did not partner with Robinhood, were not involved in this, and do not endorse it." The company said that "any transfer of OpenAI equity requires our approval — we did not approve any transfer," and warned users to "please be careful." Robinhood announced the lau

Robinhood stock tops $100 to new record, roaring 30% since being snubbed from S&P 500

CANNES — Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and renewed investor confidence. Shares are now tracking their best performance since April, up more than 30% since the trading app was snubbed from the S&P 500. The milestone follows a major strategic swing in Europe, where Robinhood unveiled its most ambitious crypto expansion to date — one aimed at re-engineering the financial infrastructure itself. At an event held in a Belle Époque m

Robinhood gives out tokens of OpenAI and SpaceX in Europe. Stock hits record

CANNES — Robinhood stock climbed 10% to an all-time high Monday after the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout. It is the company's first move to make private equity accessible via blockchain. The announcement, which came Monday during the company's product showcase in Cannes, is part of a broader push to expand Robinhood's crypto footprint globally. The tokenized assets will be available exclusively through Robinhood's