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Robinhood Jumps in Debut on Nasdaq, Then Loses Steam

Stock MarketsJul 29, 2021 12:27PM ET
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Investing.com -- The online brokerage Robinhood Markets Inc (NASDAQ:HOOD) began trading on Thursday in one of the most anticipated stock debuts of the year.

The company priced its initial public offering Wednesday night at $38 a share, giving the company a valuation of $35 billion. It opened at $38 and climbed more than 2% in initial trading but minutes later turned negative and was down nearly 6%.

The broker has been a favorite of retail traders in the so-called meme-stock trade this year but has also courted controversy over its business model. Most of Robinhood's revenue at the moment comes from selling customer trade orders to Wall Street firms for execution, or payment for order flow. That allows Robinhood to offer trading to customers for free but critics have raised questions about whether customers are getting the best price for their trades.

 

Robinhood Jumps in Debut on Nasdaq, Then Loses Steam
 

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Comments (18)
Rick Yeager
Rick Yeager Jul 30, 2021 9:16PM ET
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Robinhood is a scam. Look at all the law suites
Loki Kan
Loki Kan Jul 29, 2021 7:03PM ET
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different supermarkets have different prices, consumers choices
borat smagadijev
borat smagadijev Jul 29, 2021 5:12PM ET
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Meme stock 💰💰💰
Danjuma Marofu
Danjuma Marofu Jul 29, 2021 2:22PM ET
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hello
Ahmed Ali
Ahmed Ali Jul 29, 2021 2:22PM ET
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yes
Nicky Nick
Nicky Nick Jul 29, 2021 1:35PM ET
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they are trash, their stock will be trash. You'll see
jonathon blackmon
jonathon blackmon Jul 29, 2021 1:35PM ET
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blah bha
Grant Garber
Grant Garber Jul 29, 2021 1:35PM ET
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don't think so, I don't use it but a bunch of people I know do, and love it. I'm an e-trade and fidelity guy myself
Vitor Sousa
Vitor Sousa Jul 29, 2021 1:07PM ET
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Robinhood to the moon :p
Axel Hippocrate
Axel Hippocrate Jul 29, 2021 12:56PM ET
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Robinhood... steals from the poor and gives to the rich
Roberto Tacconelli
RobertoT Jul 29, 2021 12:56PM ET
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an old story from all times
Grant Garber
Grant Garber Jul 29, 2021 12:56PM ET
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how? they don't charge retail investors.
Grant Garber
Grant Garber Jul 29, 2021 12:56PM ET
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order flow method charges other institutions
Camille Isaacs
Camille Isaacs Jul 29, 2021 12:56PM ET
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The lies you Analyst tell. How is $38 to $40.16 then down to $33 a jump?Just say they did a death dive and is now fighting to reach back to the surface. 🤣🤣
Steve Sahlfeld
Steve Sahlfeld Jul 29, 2021 12:49PM ET
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what a shock ....
Jesaya Mwatondandje
Jesaya Mwatondandje Jul 29, 2021 12:44PM ET
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Eishhh they blew my account like no body’s business……hope fr now they’ll chase level 16000
Atsengare Ashanvigo
Atsengare Ashanvigo Jul 29, 2021 12:43PM ET
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hi,,am new in this..how do it work am interested in this app
David Xanatos
David Xanatos Jul 29, 2021 12:43PM ET
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http://www.google.com
Atsengare Ashanvigo
Atsengare Ashanvigo Jul 29, 2021 12:43PM ET
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Grant Garber
Grant Garber Jul 29, 2021 12:43PM ET
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this app really is best for watchlists. some good authors here. I don't trade here, don't think you can
David Xanatos
David Xanatos Jul 29, 2021 12:43PM ET
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I just enjoy that their stock symbol is "HOOD"
Avi Benizri
Avi Benizri Jul 29, 2021 12:41PM ET
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$22.00 to $25.00 will buy
Yellow Drill
Yellow Drill Jul 29, 2021 12:41PM ET
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$12.50 or $6.50 I'll buy
Edward Enderlin
Edward Enderlin Jul 29, 2021 12:40PM ET
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Robinhood and its CEO are straight up caca and I would never join their app or buy their stock, for very obvious reasons. I have no clue how they remain in business let alone list on Nasdaq.
Karl Mauerbach
Karl Mauerbach Jul 29, 2021 12:40PM ET
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I love this article... Aged like milk.
Ibeyaima Brahmacharimayum
Ibeyaima Brahmacharimayum Jul 29, 2021 12:39PM ET
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Thanks
Njål Hellesfjord
Njål Hellesfjord Jul 29, 2021 12:38PM ET
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I hope RH gets shorted to *****
Selfmade DC
Selfmade DC Jul 29, 2021 12:38PM ET
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Factsssss
AMG AMG
AMG AMG Jul 29, 2021 12:38PM ET
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😭🙏
 
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