Jim Cramer on Robinhood

Jim Cramer, a prominent financial commentator and host of CNBC’s Mad Money, tweeted about the importance of the Robinhood investment platform for future generations.

Investment Houses Lose to Robinhood: “Big Mistake”

Cramer emphasized that Robinhood is “not a play on crypto or dangerous options.” He noted that millennials and Generation Z will likely use this platform, marking a shift in investment trends. He stated that Robinhood creates a unique space since traditional investment firms “don’t even want their clients and don’t understand what they want.”

> “Robinhood is NOT a play on crypto or dangerous options. It is an investment in the way the next generations will invest and it has the field to itself because most investment houses don’t even want their clients and don’t understand what they want. Big mistake”
> — Jim Cramer (@jimcramer) February 26, 2025

Cramer called this attitude a “big mistake.”

SEC Dismisses Suit Against Robinhood

U.Today reported this week that the U.S. Securities and Exchange Commission (SEC) dismissed the legal suit against Robinhood Crypto. Following this announcement, Robinhood shares increased by 2% in premarket trading on Monday after a decline of 8% the previous week. On February 25, the shares dropped over 10%, influenced by an overall decline in the crypto market.

The lawsuit had originally been filed in May last year when the firm received a Wells notice from the SEC. The SEC also dismissed a case this week against another popular crypto platform, Uniswap Labs.