Robinhood to buy fintech firm X1 Reuters Robinhood Markets is buying financial technology firm X1 Inc for about $95 million in cash as it looks for new revenue streams to counter weakness in its mainstay trading unit. Robinhood, which was at the center of 2021's meme stock trading frenzy, has seen a decline in retail trading activity due to the impact of interest rate hikes on equity markets. /jlne.ws/3qVwBNM