Trump teases Bitcoin in Trump Accounts; Robinhood CEO says, "We generate revenue"
Robinhood shares rose about 2% to around $115, extending a weekly gain of roughly 13.4%, after the launch of Trump Accounts, a new tax-advantaged investment program for U.S. children. The program includes a $1,000 government contribution for eligible U.S. citizens, which could support longer-term account adoption and broaden retail participation. The article mainly highlights a positive sentiment shift for Robinhood tied to the rollout of a government-backed investing initiative, with the stock benefiting from increased attention around its platform and revenue model. The market reaction suggests investors view the product launch as a potential driver of new user engagement and assets on the platform.