Boiler Room: The Official Stock Market Discussion

Macallik86

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Interesting note: not a single 10 year japanese government bond traded yesterday because the central bank has bought so much of it.
BN-EJ835_Kuroda_G_20140904085925.jpg
 
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BushidoBrown

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Stock-trading app Robinhood now reportedly worth more than $5 billion
Stock-trading app Robinhood now reportedly worth more than $5 billion
  • A group of investors led by Russian firm DST Global are close to finalizing an investment of about $350 million in the Palo Alto-based start-up, The Wall Street Journal said, according to sources.
  • That values Robinhood at $5.6 billion, the report said, citing sources. The valuation would more than quadruple Robinhood's size and make the start-up worth just over a third of online brokerage E*Trade.
  • Robinhood declined to comment to CNBC.com. DST Global, which is headquartered in Hong Kong, did not immediately return a request for comment.
Evelyn Cheng | @chengevelyn
Published 5 Hours Ago Updated 3 Hours AgoCNBC.com

David Paul Morris | Bloomberg | Getty Images
Baiju Bhatt, co-founder and co-chief executive officer of Robinhood Markets, speaks during an interview in San Francisco, Jan. 25, 2018.

Robinhood Markets, the company behind the popular stock trading app of the same name, is set to receive a capital injection valuing it at around $5.6 billion, The Wall Street Journal reported Thursday, citing sources familiar with the matter.

A group of investors led by Russian firm DST Global are close to finalizing an investment of about $350 million in the Palo Alto-based start-up, the Journal said, according to sources.

Robinhood declined to comment to CNBC.com. DST Global, which is headquartered in Hong Kong, did not immediately return a request for comment.


A $5.6 billion valuation would more than quadruple Robinhood's size and make the start-up worth just over a third of online brokerage E*Trade. In April 2017, DST led a $110 million funding round in Robinhood that valued the company at $1.3 billion.

Robinhood launched its commission-free stock trading app about three years ago. Last month, the company began rolling out trading of cryptocurrencies bitcoin and ethereum in five states through "Robinhood Crypto." The stock and cryptocurrency products combined now have more than 4 million users, which overwhelmingly fall into the "millennial" age category of roughly 18 to 35-year-olds.

Robinhood Financial and Robinhood Crypto are wholly-owned subsidiaries of Robinhood Markets, according to the company's website.

Coinbase, the leading U.S. marketplace for buying and selling major cryptocurrencies, has more than 10 million users and had a valuation of $1.6 billion in August.

Read the full Journal story here.
:wow:
 

Ghostface Trillah

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I know a good portion of the Coli is either interested in stock trading on trying to figure out how so I got my peoples to bless me up and so I'm passing the blessings to the Coli.

*God's Plan starts playing* :blessed: I only love my bed,my mom,and the coli.

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Skooby

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I know a good portion of the Coli is either interested in stock trading on trying to figure out how so I got my peoples to bless me up and so I'm passing the blessings to the Coli.

*God's Plan starts playing* :blessed: I only love my bed,my mom,and the coli.

The Seville Report | United States | Investment Newsletter
Twitter @SevilleReport

"The Seville Report is an all digital investment newsletter for the novice and experienced investor. The Seville Report is published quarterly and typically showcases three to four stocks that were reviewed by our team and made a passing grade in our system. The report itself is written in a way that is easy to understand for people new to investing, but the ideas discussed are for anyone serious about investing."

There's tons of great financial information on the site but the real gem is the newsletter. As of right now, 80% of the stocks they're picking go up so they have a track record of success.

The newsletter is normally 24.99 a month but if you enter the coupon code "THECOLI" you get 50% off. Easily the best $12.50 you will spend all year.

Once again, the code for 50% off is "THECOLI"
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