Okta, an authentication service used widely across the globe, is investigating a data breach Tuesday morning after hackers posted screenshots claiming to show the company’s internal systems. Any hack impacting Okta could have rippling ramifications for the other companies and organizations that rely on Okta’s authentication services to access their own systems. As listed on Okta’s …
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Robinhood Markets, the company behind the wildly popular investing app, on Wednesday priced its initial public offering at $38 a share, at the bottom of its expected range. The IPO — one of the most anticipated stock market listings of the year — values the company at about $32 billion. Robinhood sold 55 million shares at low end of its …
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Popular investing app Robinhood on Thursday publicly filed with the US Securities and Exchange Commission for its initial public offering. In its S-1 filing with the SEC, the company revealed that it has about 18 million funded accounts on its platform. Robinhood was also profitable last year, generating net income of $7.45 million on net revenue of $959 million in …
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Remember the GameStop stock trading frenzy from earlier this year? One of the key players in that saga was the stock trading app Robinhood, and that notoriety earned Robinhood’s CEO a moment on the hot seat in a congressional hearing. At issue was how the app works — and specifically, whether its business model has the best interests of its …
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The family of a 20-year-old man filed a lawsuit against the investment Robinhood on Monday, saying its popular investment app was responsible for the student’s suicide. Alex Kearns, who was studying at the University of Nebraska-Lincoln, killed himself last June after he believed he had racked up roughly $730,000 in trading losses on the app. The distress caused by the …
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Popular stock-trading app Robinhood went down Monday amid a stock market drop that fell so rapidly due to coronavirus fears and falling oil prices that trading was temporarily halted. A similar outage happened March 2, although for a much longer period of time. The company said via Twitter it has “partially restored” services after trading was stopped Monday morning. The …
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Robinhood warned its customers in an email Wednesday that their passwords may have been stored in plaintext. The stock trading service said it discovered the issue on Monday night, when it found “some user credentials” stored in readable formats on its internal systems. “Your Robinhood password may have been included,” Robinhood said in the email. “We resolved this issue, and …
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