As a public company Robinhood will now be required to release quarterly financial results. Those will include previously undisclosed information on the crypto and options trading contribution to the company’s revenue. The public listing will also require the company to announce any sort of information that may affect its stock price such as government probes,…
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It has also shown revenue increases in several different metrics. Compared to the 2020 second quarter revenues, the 2021 second quarter revenues show an increase of more than 100%. This is an increase from $244 million in 2020 to $544 million in 2021. This is also a revenue increase from the first quarter of 2021…
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The company has stated that it manages over $80 billion for around 18 million users on its platform, of which more than half have made accounts for a first time. The company also reported that its growing business managed to turn a profit last year. Its sales rose to $958.8 million last year, registering 245%…
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The trading app launched crypto trading in 2018 and now cryptocurrencies such as Bitcoin and Ethereum are available for trading. About a half of the users on the app are first-time investors. This year has been particularly volatile for crypto trading. SEC Chairman Gary Gensler is expected to make a number of new policies and…
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The trading app increased its popularity among young people during the lockdowns in the coronavirus pandemic with its zero-commission business model playing a significant role. The gained popularity of the venue also brought regulatory scrutiny and public-relations problems at the beginning of the year. Robinhood found itself in the eye of the storm during the…
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