Buying and selling platform Robinhood is getting deeper into the information enterprise.

The corporate, which has lengthy supplied the monetary publication Snacks, Stated Tuesday (Jan. 17) it had shaped Sherwood Media, a subsidiary that “can be a house for information and details about the markets, economics, enterprise, expertise, and the culture of money.”

The location can be led by Joshua Topolsky, founder and former editor-in-chief of The Verge and co-creator of its mother or father firm Vox Media. He’s additionally the previous chief digital content material officer for Bloomberg.

“The story of cash is the story of tradition — from sports activities and leisure to the largest enterprise and tech information of the day, to geopolitics and past,” Topolsky stated. “These tales don’t simply stay in a terminal; they play out in our lives day-after-day.”

Sherwood Media plans to launch a set of latest editorial choices all year long, the discharge stated. In an interview with Axios on Tuesday, Topolsky stated he plans to rent dozens of staffers, together with editors, reporters and social media content material creators.

He stated he additionally plans to launch newsletters dedicated to particular areas of enterprise and funds, reminiscent of ones that cowl higher-profile corporations like Disney.

Robinhood launched Snacks in 2012. In an earnings name in 2021, the corporate introduced its first huge content distribution deal with Snapchat, making Robinhood Snacks accessible to the thousands and thousands on that social media platform.

The headlines coping with Robinhood of late have usually concerned collapsed crypto agency FTX, whose founder Sam Bankman-Fried needs Robinhood inventory seized by the U.S. returned to him, arguing the shares are his property.

Bankman-Fried’s attorneys stated the shares will not be a part of the FTX chapter case, neither is the corporate that owns them — Emergent Constancy Expertise, of which Bankman-Fried owns 90%.

The attorneys stated in a Court Docket Submitting earlier this month that whereas FTX debtors have failed to indicate that they’d be “irreparably injured” by denial of the declare to the shares, Bankman-Fried wants a few of the belongings to fund his prison protection.

“Mr. Bankman-Fried has not been discovered criminally or civilly answerable for fraud, and it’s improper for the FTX Debtors to ask the Court docket to easily assume that every thing Mr. Bankman-Fried ever touched is presumptively fraudulent,” his attorneys stated in a court docket submitting.

Robinhood’s CEO has stated he’s undecided what Bankman-Fried will do together with his shares, assuming he will get entry to them.

“I’m not stunned that it’s one of many extra worthwhile belongings they’ve on their steadiness sheet as a result of it’s public firm’s inventory,” Vlad Tenev stated final month in a Bloomberg interview.

“We don’t have a whole lot of info that you just guys don’t have,” he stated. “We’re simply watching this unfold and … it’s going to be locked up in chapter proceedings, almost certainly for a while. And so we’re simply sort of seeing how that performs out.”