This week Robinhood announced the long awaited feature of Cryptocurrency Wallets. Up until now, Robinhood allowed users to buy and sell cryptocurrency, which was stored on a Robinhood central wallet. Since individual users did not have their own wallets however, sending and receiving cryptocurrency was not an option for Robinhood users. The wallet feature on…
DISCLAIMER: This article is not financial advice. Who knows what the hell will happen next. UPDATE: THE TRADING APP ROBINHOOD PREVIOUSLY RESISTED PUTTING LIMITATIONS ON STOCKS. HOWEVER ROBINHOOD REVERSED COURSE AND IS NOW LIMITING TRANSACTIONS OF CERTAIN STOCKS INVOLVED IN COORDINATED BUY EFFORTS. If you’ve spent any amount of time on any social media…
On August 11th, Tesla announced a 5-for-1 stock split effective on August 31st. What this means is that the value of a Tesla share will divide by 5, while the number of shares multiply by 5. Someone who owns a single share of Tesla right now, valued around $1,500 per share, will instead hold 5…
On Tuesday, Tesla closed at a record high of $1,079.81 per share, reaching a $200 billion market cap. This brings them just shy of Toyota’s market cap which has the largest in the automotive industry. A Twitter thread celebrating the market cap brought up the question if Elon Musk would ever consider a split of…
The downturn in the market from the COVID-19 crisis has spurred younger people to take interest in the stock market, picking up shares for cheap. Many people have flocked to the app Robinhood which has no trading fees, and offers a random free share of stock as a perk for signing up. You can download…