Robinhood raises $2.4B over the weekend in fundraising blitz

Online brokerage firm Robinhood raised $2.4 billion from shareholders over the weekend, bringing the company’s fundraising total to $3.4 billion since Thursday as the company continues to address the fallout from volatility in stocks such as GameStop.

Robinhood called the investments, the most money the company has ever raised, “a strong sign of confidence from investors” and said that it “will help us build for the future and continue to serve people through the exponential growth we’ve seen this year.” The company said in a blog post that it plans to use the funds to “build and enhance our products that give more people access to the financial system.”