𝚁𝚘𝚋𝚒𝚗𝚑𝚘𝚘𝚍'𝚜 𝙾𝚠𝚗 𝙴𝚗𝚝𝚛𝚢 𝙸𝚗𝚝𝚘 𝙿𝚞𝚋𝚕𝚒𝚌 𝙼𝚊𝚛𝚔𝚎𝚝𝚜 𝙷𝚊𝚜𝚗'𝚝 𝙱𝚎𝚎𝚗 𝚂𝚖𝚘𝚘𝚝𝚑
One company that enjoys when markets are full of activity is Robinhood, but the investing platform hasn't had a good 12 months.
One year ago it was at the center of the GameStop saga, which - despite some negative press - led to a surge in users and revenue ahead of its own IPO. Retail traders were buying more complicated financial instruments like options, and eventually crypto assets.
But Robinhood's fortune has faded.
As GameStop mania subsided, the negative press lingered, and everything went into reverse for Robinhood. Last quarter the company revealed that active user numbers had started falling and that the company was making less from each user.
Those two things were a potent combination, and together contributed to a big reversal in the company's revenue, which dropped 35% last quarter, and share price being down more than 81%.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
