Embattled FTX Founder Sam Bankman-Fried (SBF) fell victim to one of the classic mistakes often made by a leader.
In much of 2020 and 2021, a mention of "Robinhood stocks" may have conjured up images of meme stocks that were making insane -- and mostly short-lived -- gains in the market. Now investors that use the Robinhood Markets (NASDAQ: HOOD) online trading platform appear to be shifting their focus to more stable companies, likely as the broad market sell-off of the past year caused many investors to take a more cautious approach to where they put their remaining money. For investors looking for a few great companies to give further consideration to from the current list of most popular stocks among Robinhood users, look no further than Tesla (NASDAQ: TSLA), Amazon (NASDAQ: AMZN), and Apple (NASDAQ: AAPL).
Robinhood, the commission-free trading app, has announced it is increasing its margin rates. For those not familiar with margin trading, that's when you trade with borrowed money. On Nov. 3, Robinhood announced that it was increasing its margin interest rate from 5.75% to 6.5% for its Gold customers and from 9.75% to 10.75% for non-Gold customers.