Recent News: Robinhood sinks by more than 10% after a quarter lost revenue

Robinhood trading failed to meet its earnings in the last quarter of 2021, when interest in trading in stocks and cryptocurrencies declined in an volatile market.

Robinhood, which has been on the verge of a rise in daily sales and savings since the outbreak, said the $ 363m, $ 7m expected.

The broker’s shares fell 10.9% to $ 10.35 after trading on Thursday, down from its previous summer offer of more than 70%. Shares reached $ 85 in August.

Robinhood’s annual results come almost a year after thousands of retailers have partnered with Reddit to offer the prices of a few of the most influential companies like Gamestop and AMC filmmaker.

But the company’s share price has skyrocketed in recent years as the strengths – such as financial stimulus, epidemics and bull markets – that support its IPO accounting have stagnated. The cryptocurrency trading volume, the most important for the company’s stock, rose 304 percent from the same quarter last year to $ 48m, but fell from $ 51m in the third quarter.

Robinhood’s main source of income, payroll management system management system management system management system management system management system management system management system management system management system of the management of the management of the management of the management of the management of the management of the management of the management of the management of the management of the management of the management of the management of the management of the management of the administration of the management system management system management system management system management system management system management system management system management system management system management system management system management system management system management system management system management system management system be more. The company’s revenue from quarterly payments increased by 12 percent from last year’s $ 263m, but declined from the previous quarter, when it made $ 267m in sales.

The company said it hopes to reduce dependence on the system, but will not stand on its own two feet.