Robinhood Markets, Inc.'s HOOD unit Sherwood Media added U.K.-based Chartr Limited, a data-driven media company, and newsletter publisher, to its portfolio.
Chartr will continue its newsletter publication and join Sherwood Media, bringing its visual storytelling to tens of millions of new readers.
Chartr's addition is crucial for Sherwood's strategy of expanding editorial offerings and enhancing Snacks with continuous news, original reporting, and live events.
The aim is to provide a comprehensive blend of content, including always-on updates, analysis, and new newsletter options, Robinhood said in a press release on Thursday.
"Chartr's brand of visual storytelling is a perfect compliment to what we're building at Sherwood Media, and will help us supercharge our work on rethinking how news is delivered, which stories get told, and what audiences need right now," said Joshua Topolsky, Editor-in-Chief and President, Sherwood Media.
Robinhood was recently in the headlines for reportedly witnessing a substantial inflow of wealthier clients from larger brokerages following the implementation of its 1% match promotion on transferred accounts.
Robinhood said its net cumulative funded accounts at the end of November were 23.3 million, up approximately 20 thousand from October.
Over the last 12 months, net deposits were $16.4 billion, translating to an annual growth rate of 23%, the company said in a release last week.
Read Next: Robinhood Debuts Crypto App In Europe With Free Commissions, Loyalty Program, Bitcoin Cashback
Price Action: HOOD shares are trading higher by 0.02% to $12.62 on the last check Thursday.
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