Market Overview - Major stock indexes declined in premarket trading, influenced by economic reports affecting the Federal Reserve's interest rate decision [1] - Dow Jones Industrial Average futures were down 0.2%, S&P 500 futures also decreased, and Nasdaq 100 futures slipped 0.3% [1] Economic Indicators - The Personal Consumption Expenditures (PCE) price index rose 2.9% year-over-year in December, exceeding economists' expectations [2] - Core inflation increased to 3% from 2.8% in November, aligning with forecasts [2] - U.S. GDP grew at an annualized rate of 1.4%, significantly below expectations and down from 4.4% in the previous quarter [2] Treasury Yields - The 10-year Treasury yield rose slightly to 4.07% following the inflation and GDP reports, although yields are down slightly since the beginning of the year [3] Company Performance - Applovin (APP) shares rose 4% amid reports of developing a social media platform [4] - Grail (GRAL) shares fell nearly 50% after disappointing trial results for a cancer treatment [4] - Akamai Technologies (AKAM) shares dropped 8% due to first-quarter guidance falling short of estimates [4] Commodity Prices - West Texas Intermediate crude oil futures were slightly down at $66.25 per barrel [5] - Gold futures increased by about 1% to $5,050 per ounce, while silver gained 4% to trade at $80.65 per ounce [5] - Bitcoin was trading slightly below $67,000, down from earlier highs above $68,000 [5] - The U.S. dollar index slipped 0.1% to 97.80 [5]

Set the scene for us. Why launch a social media platform on this app. What does this bring to Robinhood.Thanks for having me. Yeah, it really brings two things. One, as we transition from being a trading app for beginners to a comprehensive financial super app, we want to get into, we want to be not just the platform where you can transact and make that trade, but also help with idea generation and provide a new source of information to our traders and investors alongside the the business and company news t ...