Robinhood Raises Another $2.4 Billion From Investors

The video discusses the recent surge in funding for Robinhood, led by RBC Capital and Sequoia Capital, totaling $3.4 billion. It also covers Robinhood's strategy to secure $1 billion in debt to support heavily shorted stocks. The impact of these financial maneuvers on the market, particularly the role of millennial traders and Reddit users in driving up GME stock, is highlighted. The video concludes with the significant losses faced by hedge funds and short sellers due to these trading activities.

Which companies led the recent funding round for the online broker?

• Citibank and Wells Fargo

• JP Morgan and BlackRock

• RBC Capital and Sequoia Capital

• Goldman Sachs and Morgan Stanley

What is the purpose of Robinhood securing 1 billion in debt?

• To back heavily shorted stocks

• To invest in new technology

• To expand its office locations

• To hire more employees

What trading model has Robinhood popularized among millennials?

• Commission-based trading

• Fee-based trading

• No-fee trading

• Subscription-based trading

What was the result of the Reddit traders' actions on GME stock?

• A decrease in stock value

• A stabilization of stock prices

• A significant increase in stock value

• No impact on stock value

How much in losses did short sellers face due to the Reddit traders' actions?

• 20 billion

• 15 billion

• 10 billion

• 5 billion