Jim Cramer, a well-known financial commentator and host of CNBC’s Mad Money Show, has released a tweet about the Robinhood Investment Platform. He believes the platform is important for future generations of investors, and sets them on the right path.
Investors lose it to Robin Hood: “Big Mistakes”
Cramer emphasized that Robinhood is “not a play of code or dangerous options.” Financial experts pointed out that the platform is likely to be used by Millennials and Generation Z. “Investing in ways that the next generation will invest.”
Moreover, Cramer said the aforementioned financial services companies are a field of their own and profit from it because traditional investors “don’t want clients and don’t understand what they want.”
Robinhood is not a game about cryptography or dangerous options. Most investors don’t want clients and don’t understand what they want, so it’s an investment in the way the next generation invests, and it has a field in itself. A big mistake
– Jim Cramer (@jimcramer) February 26, 2025
That attitude is a “big mistake,” he said.
SEC dismisses lawsuit against Robin Hood
As reported earlier this week by U.Today, the U.S. Securities and Exchange Commission (SEC) announced it had ultimately dismissed a legal lawsuit against Robinhood Crypto. Robinhood shares bouncing 2% local stock on Monday following the decision after an 8% increase at the end of last week. On February 25th, Robinhood stocks fell more than 10% in light of the crypto market drawdown.
Originally, the lawsuit was filed last May, and the company received Wells’ notice from regulators.
This week, the SEC also deleted the lawsuit against UnisWap Labs, another popular cryptocurrency platform.
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