Robinhood Soars to $100 Milestone—Despite S&P 500 Snub

Retail's favorite trading app just pulled off a Wall Street plot twist.

Robinhood's stock punched through $100 for the first time this week—a middle finger to the S&P 500 committee that left it off the index. The rally comes as meme-stock mania returns with a vengeance, proving once again that fundamentals are just boring suggestions.

Main Street vs. Wall Street: Round 2

While traditional investors clutch their pearls over 'proper valuations,' HOOD bulls are too busy counting tendies. The stock's 30% monthly surge coincides with renewed retail interest in crypto and options trading—because nothing says 'healthy portfolio' like 0DTE calls and dog-themed tokens.

Finance traditionalists will call this irrational. Robinhood traders will screenshot their gains. And somewhere, a hedge fund manager just canceled his Hamptons reservation.

Robinhood builds its own blockchain and launches tokenized OpenAI and SpaceX shares

To back that plan, Robinhood is building a custom blockchain, using ethereum layer-2 tech to allow 24/5 crypto trading. This is meant to keep retail traders active beyond the old-school Monday to Friday window. The company also introduced tokenized shares of OpenAI and SpaceX to European users, opening access to private tech companies that aren’t publicly listed.

“We thought we WOULD just deliver,” Vlad said. “We don’t want to do much talking. We want to just put product in customers’ hands.” Johann Kerbrat, who runs Robinhood Crypto, added, “In the future, we think we can expand this to thousands of tokens that represent different types of financial instruments — from US stocks and international equities to private equity. What we showed today with SpaceX and OpenAI is just a glimpse of what we’re planning — there’s much more to come.”

Robinhood’s latest quarterly numbers show a 50% year-over-year revenue increase in Q1, with the company launching staking in the US this week — a feature that had been previously blocked by regulators.

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