• Thu. Jul 7th, 2022

Robinhood Deserted by Lovers of Crypto and Meme Shares

What a distinction a calendar year will make.

Robinhood  (HOOD) – Get Robinhood Markets, Inc. Course A Report, the fashionable brokerage in 2021 now would seem to be the ghost of by itself. 

And factors are not about to alter. 

The fintech has just posted its to start with quarter outcomes and this is the exact reverse of its excellent performance achieved during the similar period in 2021. Revenue fell 43% to $299 million in the first quarter in comparison with a yr previously. This decline is thanks to a drop of 48% to $ 218 million in profits produced by transactions carried out by Robinhood consumers, the business reported in a press release