Robinhood raises another $2.4bn as investors bet on online brokerage
Robinhood is grappling with outraged customers, increased scrutiny from Washington and questions about its plans for an IPO
01 February 2021 - 20:47
New York — Robinhood Markets’ biggest backers are ploughing more money into the beleaguered online brokerage at an unprecedented pace.
Investors led by Ribbit Capital have poured $3.4bn into the firm in a matter of days, including $2.4bn announced on Monday. The cash infusions come as Robinhood grapples with outraged customers, increased scrutiny from Washington and questions about its plans for an initial public offering...
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