Vlad Tenev, Robinhood Co-founder & CEO, affirms no desire to sell the business
Announced ~23% headcount reduction amidst declining share price and fundamental operations
SEC investigation into Robinhood’s short-selling and compliance with regulations
Closed Wednesday, August 3, 2022, at $10.31 / share, a +11.7% 1-day movement, but traded down (2.61%) to $10.06 in after-hours trading
Reported $318mm Q2’22 Net Revenue, ($295mm) Net Loss, ($271mm) EBITDA and ($0.34) EPs
Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research.
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.
Commentary on Robinhood’s Q2’22 Earnings
August 4, 2022, 11:45AM EDT
• 6 min read
Quick Take
Source: https://www.theblockresearch.com/commentary-on-robinhoods-q222-earnings-161349?utm_source=rss&utm_medium=rss