What the heck is going on with Robinhood and their "OpenAI Tokens"?
https://x.com/openainewsroom/status/1940502...
The official OpenAI X account is washing their hands of any involvement, implying Robinhood has gone rogue issuing "equity" with literally zero actual value or ownership.
Robinhood Markets
HOOD
trading on NASDAQ
since 2021
$97.81
(Δ -5.29%)
-$5.45 since open
Robinhood Markets offers a commission-free trading app that allows retail investors to buy and sell stocks, ETFs, cryptocurrencies, and other financial products with ease.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $103.86 | $109.06 | $101.07 | $93.63B | 58.06M |
| eps | p/e | p/s |
operating margin |
profit margin |
yield |
| +$0.38 | 105.17 | 95.94 | 39.91% | 36.25% | 0% |
Ouch. Robinhood fails to join the S&P 500 during the latest quarterly rebalancing, despite being highly expected to do so.
https://www.cnbc.com/2025/06/09/robinhood-s...
Wild that COIN was allowed to be included but HOOD wasn't. One of these options only deals in internet funny money while the other enables trading legitimate stocks.