No-fee stock-trading app Robinhood has announced the acquisition of media company MarketSnacks. The product has been relaunched as Robinhood Snacks, and it offers a financial news podcast and newsletter. According to Robinhood's VP of Product, Josh Elman, Robinhood Snacks offers "digestible" and quick to follow financial news. The bite-sized updates designed to keep investors in the loop will include a three-minute long newsletter and a 15-minute daily podcast.
John Elman believes the addition of Robinhood Snacks is a natural development for Robinhood--the company has already expanded market news coverage as well as added discovery tools to help investors make informed decisions and learn about the market.
“In 2012, we co-founded MarketSnacks outside our bank jobs to make financial news more accessible and enjoyable for our generation," said Jack Kramer and Nick Martell, co-founders of MarketSnacks. "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.”
Following the acquisition, Kramer and Martell have become Managing Editors of News at Robinhood.