Is Robinhood raising $1 billion from existing investors?

Amy Lombard for The New York Timesø Facing an onslaught of demands on its cash amid a stock market frenzy, Robinhood, the online trading app, said on Thursday that it was raising an infusion of more than $1 billion from its existing investors.

When does Robinhood offer a 1% bonus?

Update 12/7/23: Deal is back and valid until January 31, 2024. Robinhood is offering a 1% bonus with no cap when you transfer your brokerage account to Robinhood, from October 23 through December 8, 2023.

Is Robinhood Markets attracting new investors?

REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) - Robinhood Markets is attracting customers from other brokerages, and is seeking to expand beyond its base of young, first-time investors, the Wall Street Journal reported on Saturday.