Robinhood's S&P 500 entry marks transformation from trading app to financial Super App 📲📈; From FinTech giant to AI powerhouse: SoftBank Vision Fund's $100B pivot is reshaping VC future 😳🤖
FinTech is Eating the World, 23 September
Hey Everyone,
Good morning & happy Tuesday! Today, all eyes are on Robinhood, which has just been added to the S&P 500 index (why this entry marks the transformation from a trading app to financial Super App, why it matters & what’s next + lots of bonus deep dives into HOOD 0.00%↑ and why you aren’t bullish enough on them), and SoftBank that just went from FinTech giant to AI powerhouse (quick look at Vision Fund's $100B pivot, how it’s reshaping VC future, what this means for FinTech startups going forward + a solid collection of AI resources inside). So let’s just jump straight into the fascinating stuff 🌶️
Robinhood's S&P 500 entry marks transformation from trading app to financial Super App 📲📈
The news 🗞️ Robinhood Markets HOOD 0.00%↑ has achieved a significant milestone yesterday, joining the S&P 500 index and cementing its evolution from a controversial trading platform to an established financial powerhouse.
The company's stock has surged a whopping 235% year-to-date (at the point of writing), climbing from $37.26 to $124.89, making it one of the index's strongest performers. Let that sink in 👀
Let’s take a closer look at this, understand why it matters, and what’s next for HOOD 0.00%↑.