Topline Shares of stock trading app Robinhood tanked roughly 8% late on Thursday after the company reported dismal first quarter earnings which showed that the platform lost over a million users and r...
Tag: Robinhood earnings
Robinhood’s Troubles Could Get Worse As Stock Hits Record Low Amid Layoffs And Looming Quarterly Earnings
Topline Shares of stock trading app Robinhood lost roughly 4% on Wednesday—hitting a new record low—after the company laid off a chunk of its workforce, with analysts warning that troubles could still...
Robinhood Shares Plunge Amid Gloomy Revenue Outlook Just One Year After Meme Stock Mania
Topline Shares of popular stock trading app Robinhood tumbled nearly 10% after the company reported fourth quarter earnings that failed to impress investors, while also issuing a grim revenue forecast...
Its Cofounders Are No Longer Billionaires, Shares Down 60% Since IPO
Topline Robinhood cofounders Vlad Tenev and Baiju Bhatt are no longer billionaires according to Forbes’ calculations, as shares of their popular stock trading app continue to move lower in recent mont...