Robinhood shares drop 12.5% as crypto slump hits Q1 revenue, profit

2026-4-30 17:29

Robinhood shares fell sharply on Wednesday after the trading platform reported weaker-than-expected first-quarter results, with a slowdown in crypto activity dragging on both revenue and profit. The stock dropped around 11% following the release, as market volatility tied to digital… origin »

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Seeking Alpha Spotlights Robinhood Investing App for Selling Millennial Data to High-Frequency Traders

Stealing from the Poor to Give to the Rich? RobinHood App Sells Users Data to Financial Companies According to a document filed by the US' Securities and Exchanges Commission in the second quarter, Robinhood Financial (Robinhood) is making a profit of millions of dollars off the back of selling users' data to high-frequency trading firms […]

2018-9-15 08:28