Robinhood plans to launch a credit card to expand offerings and attract more customers, causing its shares to rise 6% pre-market.
Robinhood shares rose 6% pre-market after announcing plans to launch a credit card for US consumers. This move aims to expand offerings and attract more customers. The credit card plan follows the success of similar offerings from other financial platforms. Robinhood's stock experienced growth in its stock market trading activities, particularly among younger investors. The credit card could provide an additional revenue stream and increase the company's appeal.
March 27, 2024
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