Robinhood Stock Plunges 8.5% as Crypto Revenue Weakness Sparks Concern
Key Highlights: Robinhood posted record total net revenue of $1.424 billion for the third quarter, even as cryptocurrency revenue fell to $120 million. Net income declined 14% year over year to $476 million, translating to diluted earnings per share of $0.51. Robinhood shares (NASDAQ: HOOD) slid 8.55% to $83.76 amid wider market volatility exacerbated by ...