CONSUMER CATCH-UP: Metallica warns fans of impostor crypto scams, Robinhood launches IRAs on app

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In this edition of Consumer Catch-Up, metal legends Metallica warn their fans of impostors pretending to stream their new album to lure them into a cryptocurrency scam, and investment app Robinhood announces new retirement accounts for customers.

Metallica warns fans about fake livestreams and crypto scams

Metallica took to Facebook Monday to warn followers of fake YouTube livestreams that use a QR code to link unsuspecting fans to phony cryptocurrency giveaways. "In the wake of last week's exciting news of our new song, new album, and new tour, unfortunately the ugly side of social media made an appearance," wrote the band in a post.

The band noted that all of their social media accounts are verified, and urged fans to double-check the name of any channel or account offering Metallica content to ensure they're not being taken in by an impostor.Robinhood, the investment and crypto trading app, has announced a new product on its platform: Individual Retirement Accounts, better known as IRAs.

 

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Robinhood launches IRA retirement plans for gig economy workersAutomatic paycheck transfers, contribution matching and other retirement saving tools are often not available to gig economy workers, said Steph Guild, Robinhood’s head of investment strategy. Gig workers make up as much as 40% of the U.S. workforce. Will they be advising we put all our retirement savings into the latest memestock? Next FTX in happening Well he did buy Twitter for 44 billion. Bills ain’t cheap. 🤣
Source: MarketWatch - 🏆 3. / 97 Read more »

Robinhood takes on retirement in search for more growthNEW YORK (AP) — Robinhood, the company that blazed onto Wall Street after turning millions of novices into investors by making trading fun, is now setting its sights on a more staid corner of the industry: saving for retirement. 'We look forward to siphoning the wealth of our customers for years to come' Nobody trust Robinhood I wouldn't trust this company with 10 dollars.
Source: AP - 🏆 728. / 51 Read more »