Reported 2 days ago
Robinhood's shares jumped 7% after the retail brokerage was announced to join the S&P 500, with the company's stock price rising over 150% year-to-date. The addition takes effect on September 22, while Bitcoin treasury firm Strategy, despite having a market cap of $95 billion, was left out of the index. This reflects the growing prominence of companies focused on digital assets in a supportive regulatory environment. Robinhood's second-quarter performance surpassed expectations, fueled by a significant increase in transaction revenues, particularly despite a dip in crypto trading revenues.
Source: YAHOO