Robinhood has announced its second venture fund, Robinhood Ventures Fund II (RVII), aimed at raising capital to invest in early and growth-stage private companies. This follows the success of their first fund, Robinhood Ventures Fund I (RVI), which opened private market investments to retail investors and has attracted 150,000 investors with a market cap surpassing $1 billion. RVII is currently in the SEC registration process for a public offering, with details on fund size and shares still pending. This move continues Robinhood's mission to democratize access to private market investments for everyday investors.
Robinhood's stock has declined about 30% year-to-date due to concerns over rising expenses and changing trading volumes. However, the company raised its expense guidance to $2.7–$2.825 billion to support new initiatives like Trump accounts and an exp...
Robinhood Markets, Inc. reported strong operating data for April 2026, with funded customers reaching 27.6 million, up 7% year-over-year. Total platform assets rose 49% to $345 billion, driven by a 12% increase from March. Equity and options trading ...
The Allspring Premier Large Company Growth Fund outperformed the Russell 1000 Growth Index in the first quarter of 2026. Key contributors included Comfort Systems, benefiting from modular solutions in labor-constrained markets; Vertiv, which saw rapi...
Robinhood Markets, Inc. announced that its Chief Brokerage Officer, Steve Quirk, will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, 2026. The presentation will be available via live audio webcast and rep...
Spotify's Q1 2026 earnings showed strong growth in its Premium subscription segment with revenue up 10% and improved margins, driven by subscriber gains and price hikes. However, the Ad-Supported segment revenue declined 5%, highlighting challenges i...
