Robinhood Abandoned by Crypto and Meme Stocks Fans

Robinhood Abandoned by Crypto and Meme Stocks Fans

Robinhood Abandoned by Crypto and Meme Stocks Fans

What a difference a year makes.

Robin Hood (HOOD) – Get the Class A report from Robinhood Markets, Inc.fashionable brokerage in 2021 now seems to be the ghost of itself.

And things are not about to change.

The fintech has just released its first quarter results and it is the exact reverse of its excellent performance achieved during the same period in 2021. Revenue fell 43% to $299 million in the first quarter compared to one year earlier. The decline was due to a 48% drop to $218 million in revenue generated from transactions made by Robinhood customers, the company said in a statement.

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