FTX is reportedly working to get back the more than $240 million it paid for stock trading platform Embed. The bankrupt cryptocurrency exchange filed three lawsuits Wednesday (May 17) alleging that former FTX executives did not do proper due diligence before the acquisition of the platform,...
Software ate the world, and now generative artificial intelligence (AI) is eating that software. Robinhood Markets Co-Founder and Chief Executive Officer Vlad Tenev told investors on the commission-free trading app’s first quarter 2023 earnings call, “Every company will have to transition into an AI company.”...
Stock and crypto trading platform Robinhood wants to be more than a trading platform. Long term, Robinhood wants its digital wallet to be the place where “you manage all your money,” CEO Vlad Tenev said in its third quarter earnings call on Wednesday (Nov. 2)....
August 07, 2024
On Monday (Aug. 5), the platform powering 24-7 trading for brokers like Robinhood went offline. The platform, Blue Ocean, is the infrastructure provider responsible for executing stock trades between traditional market off hours, those falling between 8 p.m. and 4 a.m. (ET), and it was unable to effectively handle the surge in activity during the […]
May 18, 2023
FTX is reportedly working to get back the more than $240 million it paid for stock trading platform Embed. The bankrupt cryptocurrency exchange filed three lawsuits Wednesday (May 17) alleging that former FTX executives did not do proper due diligence before the acquisition of the platform, and that the software was “essentially worthless,” Reuters reported Thursday (May 18). […]
