Why Robinhood (HOOD) Shares Are Falling Today

Why Robinhood (HOOD) Shares Are Falling Today

Shares of financial services company Robinhood (NASDAQ:HOOD) fell 3.4% in the morning session after Cathie Wood’s ARK Invest disclosed that it sold a portion of its holdings in the company. According to daily trade disclosures, ARK Invest sold 109,824 shares of Robinhood, valued at approximately $11.46 million. The sales were spread across several of ARK’s…

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Elon Musk reacts to OpenAI’s ‘fake stock’ warning for investors: 'Your equity is…'

Elon Musk reacts to OpenAI’s ‘fake stock’ warning for investors: ‘Your equity is…’

Elon Musk has reacted to OpenAI’s “fake stock” warning for its investors. The tech billionaire who owns rival AI startup xAI has suggested that even the company’s authentic equity may be an illusion. This follows a rare public warning from OpenAI disavowing any involvement with crypto-like financial products claiming to offer a stake in its…

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