October 26, 2021 Sophia Vida

Robinhood Shares Fall as Revenue Comes in Way Under Estimates

Trading platform Robinhood saw its shares sink on Tuesday after the company reported Q3 revenues that fell way short of expectations due to lighter crypto trading. Shares fell about 8% in after-hours trading. For the third quarter, transaction-based revenue was $267 million, with only $51 million from cryptocurrency trading. Revenue from crypto trading had reached … Continue reading “Robinhood Shares Fall as Revenue Comes in Way Under Estimates”