What Downtime Robinhood Fund Raise To Reportedly Boost Its Valuation To 8B
The Menlo Park-based startup behind the app is said to soon raise around $250 million, led by seminal VC fund Sequoia Capital, a returning investor. [Read: Data says Robinhood users are really bad at portfolio diversification] Robinhood’s revenue has seen record growth during the coronavirus pandemic, reportedly around $60 million in March. The increased market volatility has led to new accounts, said Bloomberg’s sources. Robinhood users are still salty about that downtime However, the app has suffered a slew of sudden service interruptions over the past few months, leaving many traders to miss potential gains....