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).

Sources

MarketWatch@MarketWatch
2 years ago
Robinhood lost $2 million to scam artists with names like ‘Ghost’ and ‘Payday' https://t.co/5ETnkO9NMo
Lukas I. Alpert@lalpert1
2 years ago
How Robinhood lost $2 million to scam artists with names like ‘Ghost’ and ‘Payday’ https://t.co/ExqqtqaYWf
crypto.news@cryptodotnews
2 years ago
A U.S. federal judge has ordered Robinhood Financial LLC to pay $9 million in a lawsuit over its referral program. https://t.co/q5HA36YVv4

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