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Today, Robinhood is a different company. With a combination of product drops, a new desktop trading platform, high interest rates, a crypto surge, and a leaner expense base, Robinhood is reporting ...
Robinhood's ride to fintech supremacy has been almost as volatile as the meme stocks that trade on its platform. In 2022, the company slashed headcount by 9% in a first round of cuts, then by 23% ...
Robinhood also turned profitable on a generally accepted accounting principles basis in the first nine months of 2024 as it cut costs and reined in its stock-based compensation. It even launched a ...
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California. The company provides an electronic trading platform accessible via mobile app that facilitates commission -free trades of stocks , exchange-traded funds and cryptocurrency , as well as cryptocurrency wallets , credit cards and other ...
Overall operating expenses rose just 6% to $493 million, showing the company is taking control of profitability, generating a GAAP net profit margin of nearly 28%. Robinhood isn't just benefiting ...
Robinhood Markets (NASDAQ: HOOD) went public in 2021 at $38 per share and quickly rocketed to an all-time high of $85. Investors rewarded the company's ability to attract young, first-time ...
After Robinhood announced new cost-cutting measures, one analyst remains bullish that the company can turn the corner. Robinhood is 'actually already profitable in real-time,' analyst argues ...
Robinhood's margin book hit an all-time high of $5 billion in Q2, enabling the company to earn $73 million in interest revenue, which was also a record. Robinhood's interest revenue could soon plunge