Robinhood shares tank as revenue falls way short of expectations on lighter crypto trading

Robinhood shares tank as revenue falls way short of expectations on lighter crypto trading

October 27, 2021 Margherita Schroeder 0

Stock trading app Robinhood reported Tuesday a huge revenue miss for the third quarter, as cryptocurrency trading dropped off.Robinhood said that, barring any change in the market environment, the headwinds that dragged down last quarter — like lower retail trading activity — will persist into year-end.Shares of the newly public company tanked by 8% in after-hours…