The Financial Industry Regulatory Authority has fined the commission-free stock trading app Robinhood $70 million, including $12.6 million in restitution to thousands of its customers, the regulator announced Wednesday. The fine represents FINRA’s largest-ever and is meant to reflect “the scope and seriousness of Robinhood’s violations,” Jessica Hopper, head of FINRA’s department of...
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Creator Economy startups
Gumroad Turns a Profit After Price Hike
Gumroad, which provides tools to creators including landing pages and help with product sales, recorded the largest monthly profits in its 11-year history in recent months after raising prices.Gumroad recorded net income of $82,270 in January, Sahil Lavingia, Gumroad’s founder and CEO, told its crowdfunding investors and creators Thursday in a presentation that was available via Zoom. Net...
Coinbase Hires Former Shopify Executive as Country Director
Circle’s USDC Outflows Exceed $10 Billion Since Crypto Bank Crisis
Virgin Orbit Lays Off 85% of Staff, Ceases Operations
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