Robinhood Makes Bold Moves to Solve Its Biggest Problem

Published by
The Street

By Luc Olinga The platform faces a slowdown in income generated by retail trading. Robinhood (HOOD) – Get Robinhood Markets, Inc. Class A Report is trying to reinvent itself. The brokerage is bearing the brunt of the slowdown in retail trading. In less than a year, Robinhood went from hype firm to any platform. The company made its IPO on Wall Street last July at a price of $38 per share with a market capitalization of almost $32 billion. These figures now appear like a mirage after less than a year. Robinhood shares fell 69.6% to $11.55 at last check on April 12. The company has lost over $22…

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