Jul 19, 01:40 AM

Robinhood Ordered to Pay $9 Million in Washington Spam Text Lawsuit; Stock Dips 1.8%

Robinhood Financial LLC has been ordered to pay $9 million in a class-action lawsuit over its 'refer-a-friend' spam texts in Washington. The lawsuit, which spans spam texts sent from 2017 to 2024, was settled and approved by a federal judge. Following the settlement, Robinhood's stock dipped 1.8%.

#Robinhood Financial LLC #Washington #Robinhood

Written with ChatGPT (GPT-4o).