Robinhood to Buy Shareholder-Communications Company

Robinhood to Buy Shareholder-Communications Company
The Robinhood logo is displayed on an iPhone in San Anselmo, Calif. on Dec. 17, 2020. Justin Sullivan/Getty Images
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NEW YORK—Robinhood, the trading app that’s brought millions of new investors to the stock market, is buying a company that helps people communicate with the businesses whose shares they buy.

Robinhood Markets said Tuesday that it agreed to buy Say Technologies for about $140 million in cash. Say helps publicly traded companies hear what questions their investors want answered, and it helps investors vote at companies’ annual meetings on everything from whether the CEO is overpaid to who should sit on the board of directors.