In a blog post, Robinhood announced the acquisition of MarketSnacks in order to launch a daily free financial newsletter. MarketSnacks co-founders Jack Kramer and Nick Martell are joining Robinhood as Managing Editors of News as part of the acquisition.
MarketSnacks was already a top-rated daily financial news podcast and newsletter prior to the acquisition. And Robinhood’s new digest will be called Robinhood Snacks.
This past year, Robinhood added a number of resources to better management investments. For example, Robinhood improved market news coverage on the platform along with discovery tools on mobile. The Help Center has been revamped to better answer questions.
And Robinhood’s VP of product Josh Elman said that “Robinhood Snacks is a major step towards building out these resources and helping you get more informed on market news.”
Robinhood Snacks is going to bring digestible and easy-to-understand financial news featuring a break down of some of the trends and top stories that are shaping markets to help keep users informed about the news that affects their finances and decisions. The newsletter gets you informed in about three minutes and the podcast breaks down the news in 15 minutes. You can sign up for the newsletter and subscribe to the podcast from snacks.robinhood.com.
“In 2012, we co-founded MarketSnacks outside our bank jobs to make financial news more accessible and enjoyable for our generation. That aligns perfectly with Robinhood’s mission, and together we can inform millions of people every day. We’re honored to join forces with Robinhood and thankful for our incredible Snackers who helped get us here,” said Kramer and Martell in a statement.
Robinhood is a stock brokerage that is known for allowing users to buy and sell stocks and ETFs with zero commission. Founded by Baiju Bhatt and Vlad Tenev, Robinhood has raised over $500 million in funding at a valuation of more than $5.5 billion as of May 2018.
