Day: March 24, 2026
Robinhood has approved a new $1.5 billion share repurchase program, giving the company more than $1.1 billion of additional capacity as management signals confidence in its strategy and financial strength.
The company said it expects to execute the refreshed authorization over about three years, while keeping flexibility to move faster if market conditions allow.
The new plan builds on Robinhood’s earlier buyback efforts. The company first launched a $1 billion repurchase program in May 2024, then raised the total authorization by another $500 million in April 2025.
By February 2026, Robinhood had already spent about $910 million buying back roughly 22 million shares at an average price of $40.64, and its March 2026 investor presentation highlighted a $1.5 billion repurchase authorization as part of a broader capital allocation strategy.
The buyback arrives as crypto markets remain under pressure, a key driver of weakness for Robinhood given its reliance on digital asset trading. Bitcoin hit a record high near $126,000 in early October 2025 and was last trading near $70,000 today, reflecting a sharp decline as risk appetite unwound.
Robinhood stock has followed a similar path, hitting a record high near $154 in early October 2025 and last trading near $69 today, down about 55% from that peak.
The company reported fourth quarter 2025 crypto trading revenue of $221 million, missing analyst expectations, while its digital asset segment has faced sustained pressure since the October market downturn.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
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The meetings in San Francisco include top executives such as Sundar Pichai, Mark Zuckerberg, Sam Altman, and Andy Jassy, News.Az reports, citing Reuters.
Ribera has raised concerns that Big Tech companies could extend their dominance into AI, potentially limiting competition. The European Commission is examining the entire AI ecosystem, including chatbots, training data, and cloud infrastructure.
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Regulators fear that large platforms may favor their own AI services, shutting out rivals as demand for artificial intelligence continues to surge.
The talks come as major tech firms invest billions into AI development, intensifying competition, and regulatory scrutiny, across the sector.
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In a statement, the UAE’s Ministry of Foreign Affairs said the strike killed a Moroccan civilian contractor working with the UAE armed forces. It also reported that five members of the Ministry of Defence were injured, along with several Bahraini soldiers, News.Az reports, citing Reuters.
The ministry described the incident as a violation of Bahrain’s sovereignty and expressed full solidarity with Manama.
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There has been no immediate response from Iran regarding the accusation.
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The troops are expected to come from the elite 82nd Airborne Division, based at Fort Bragg. Their deployment would add to existing forces already positioned in the region, News.Az reports, citing Reuters.
Officials did not specify the exact destination or timeline, but the move comes as the Pentagon balances military preparations with ongoing diplomatic efforts toward Iran. One source noted that no decision has been made to send troops into Iran, but the buildup aims to strengthen readiness for potential future operations.
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The latest deployment follows last week’s dispatch of Marines and sailors aboard the USS Boxer, along with its Marine Expeditionary Unit and accompanying warships.
The White House has not yet commented on the reported plans.
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