Inventory and crypto brokerage Robinhood Markets Inc HOOD launched a brand new trivia recreation that gave away $1 million in Bitcoin BTC Wednesday. The launch may assist increase the corporate’s financials with a concentrate on its Gold subscribers.
What Occurred: Robinhood customers had been in a position to participate in a trivia recreation Wednesday the place they had been requested 12 multiple-choice questions starting from who the chairman of the Federal Reserve is to what yr Dogecoin DOGE/USD was based in.
The trivia competitors was hosted by Scott “Quiz Daddy” Rogowsky, a well-liked title within the trivia circuit. Rogowsky beforehand hosted HQ Trivia, a cell recreation that was related with questions and the winners who received all of them proper splitting the prize on the finish.
For Robinhood customers, the prize on the road for the individuals who answered all 12 multiple-choice questions proper was $1 million in Bitcoin.
In the beginning of the competitors Wednesday there have been 392,632 contestants as seen within the image under. The primary query was thought of simple and the questions received tougher.
“This in style electrical automobile firm launched its first mannequin in 2008 and has since grown to have a market cap of over $1.2 trillion,” the primary query requested.
Of the potential solutions of Rivian, Tesla and Lucid, Tesla was after all the appropriate reply.
Different questions requested customers about S&P 500 elements, what “HODL” means, the availability cap of Bitcoin, what firm was first to hit a market cap of $1 trillion and what the 2025 IRA contribution restrict is for an individual below 50 years outdated.
The ultimate query requested about which IPO raised essentially the most cash in 2024. Whereas customers had been doubtless tempted to choose Reddit Inc RDDT, the reply was Lineage LINE, which raised over $4 billion.
In the long run there have been 615 individuals who received all 12 questions proper and break up the $1 million Bitcoin prize, good for $1,626.01 every.
Learn Additionally: 5 Robinhood Analysts React To ‘Blowout’ This fall Earnings: Can The ‘Super Momentum’ Proceed?
What’s Subsequent: Robinhood is again with a second day of trivia Thursday with 12 extra questions and one other $1 million in Bitcoin up for grabs. The competition, which begins at 4:45 p.m. ET is open solely to Robinhood Gold members.
Robinhood Gold is the corporate’s month-to-month subscription that comes with options like greater APY on money stability, IRA 3% match and buying and selling instruments. The plan prices $50 for a yr on an annual foundation or $5 monthly. The primary 30 days of Robinhood Gold are free.
Whereas over 300,000 gamers took half in Wednesday’s free problem, Thursday’s competitors may very well be necessary for Robinhood when it comes to consumer development for Gold.
The corporate ended the fourth quarter with 2.6 million Gold subscribers, up 86% year-over-year.
All contributors in Thursday’s competitors can even get a present of an undisclosed quantity of Dogecoin, as reported by Fortune.
Thursday’s competitors is also a check to see if a number of tech points had been fastened. Social media noticed the trivia competitors trending Wednesday, however largely for damaging causes with individuals reporting glitches and never with the ability to choose their solutions in time.
“Some customers skilled points making an attempt to play yesterday – we have finished just a few issues to make it higher the second time round,” Robinhood CEO Vlad Tenev tweeted.
Tenev mentioned the corporate improved the dealing with for poor mobile connections and made it simpler to establish when persons are taking part in versus simply observing.
HOOD Worth Motion: Robinhood inventory is down 5.8% to $45.34 on Thursdays versus a 52-week buying and selling vary of $13.98 to $66.08. Robinhood inventory is up 176% during the last yr, together with a 15% achieve year-to-date in 2025.
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