One year after Robinhood Markets Inc. found itself at the center of the meme-stock tempest, the retail brokerage now finds itself with another set of challenges that could prove even more difficult to overcome.
On Thursday, the Silicon Valley upstart reported fourth-quarter revenue and losses that were worse than analysts’ estimates, and its stock, already down 69% since its July initial public offering, plunged again in late trading, as the company’s projections for the current quarter fell well short of Wall Street expectations.
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January 28, 2022 at 04:11AM
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Robinhood Q4 Revenue Misses Estimates on Weaker Stock Trading (HOOD) - Bloomberg
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