Tag: $Robinhood

Robinhood rival eToro agrees $120 million share sale at discounted valuation

Stock trading platform eToro agreed to a $120 million secondary share sale, giving the company a slightly lower valuation than the $3.5 billion it was valued at in a primary funding round earlier this year.

Robinhood beats revenue estimates as rate hikes bolster interest income

Robinhood Markets Inc on Wednesday surpassed Wall Street estimates for first-quarter revenue, as the U.S. Federal Reserve’s rapid rate hikes boosted the online brokerage’s interest income.